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USD/CAD: a familiar pattern formed. Time to drop?

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
Investroy  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns Triangle USDCAD priceaction Technical Analysis trianglebreak Forex forextrading investroy
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chartpattern triangle usdcad priceaction technicalanalysis trianglebreak forex forextrading investroy
As it can be inferred from the graph, the price has formed a nice descending channel pattern and is on the verge of breaking the lower boundary of it. If a breakout happens, we will see an impulsive drop. However, we are expecting for a one more re-touch of the descending trendline of the triangle before a full-scale “jump off the cliff” mission can be commenced.
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