USD/CAD pair is in an ascending channel formation in the 4-hour chart.
It is currently in its bearish leg- movement to supportive trend. And a flag pattern has formed within too.
Hence, we expect the pair to move to its supportive trendline, upon breaking the flag formation.
It is currently in its bearish leg- movement to supportive trend. And a flag pattern has formed within too.
Hence, we expect the pair to move to its supportive trendline, upon breaking the flag formation.
Trade closed: target reached