Hey, I am back with another chart, this time looking at Forex chart of USD/CAD on a daily time frame.
This pair is in a descending triangle pattern which is formed by a downtrend and one support level and this is considered as a bearish🐻 pattern.
I would trade this as follows
Entering short position at the downtrend so that way if the downtrend gets broken you can have a tight SL or Entering short position after the bottom support line of the descending triangle is broken.
Have a good luck with trading, don't forget to stick to your strategy. Each new follower and like is very much appreciated! 🙌