USDCAD is inside a descending channel 🦐

USDCAD is inside a descending channel, and the price is testing the dynamic monthly trendline. (Purple, check my previous idea)
IF the price will break a descending channel and retest the previous resistance we can set a nice long.
IF the price will lose the support we can see another bear impulse.
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Follow the Shrimp 🦐

Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.

Comment:

As expected.

Comment:

Price hit perfectly the weekly resistance.

Comment:

The market is now breaking weekly support.

Comment:

Nice break of the structure.

Comment:

Break and retest of structure