USD/CAD - Channel Pattern (22.04.2025)

Apr 22

The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours.

Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.

Target Levels:
1st Support – 1.3771
2nd Support – 1.3745

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Apr 22

Trade active

Order Placed

Apr 22

Note

Fundamental Updates : (22.04.2025)
1. The U.S. dollar dropped to its lowest in three years because President Trump criticized the Federal Reserve's leader, Jerome Powell, on social media.

2. President Trump is unhappy with Jerome Powell, the head of the Federal Reserve, for not lowering interest rates. Trump thinks firing Powell could weaken the U.S. dollar, which he wants.

Apr 22

Note

now running in Profit