Descending triangle in USDCAD, Crucial point

Hello fellow traders, hope you all are having a good day! Here is our analysis on USDCAD. We have given two charts, one of H1 and the other of D1. In the D1 chart we have shown you the support and resistance line. (see our comment section). Now, as we come to our H1 chart you can see that it has started falling down after hitting the resistance line. The pair also started making lower lows while not breaking previous lower highs and falling back each time it hit the trendline resistance.

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Ryan.R.Lopes

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