USDCAD PRICE HAS BROKEN TO THE DOWNSIDE OF THE TRIANGLE!

Hey traders,

Yesterday I posted analysis on the USDCAD saying that I would be short once the triangle pattern was broken.

News today regarding the Bank of Canada interest rate decision has pushed price down.

I am targeting a S/R area which also represents a potential right shoulder of an Inverse Head and Shoulders Pattern.

Let's see how this trade plays out.

Previous idea here:

Simple technical analysis.