USDCAD Descending Triangle chart pattern
USDCAD creates a chart structure with lower highs and equal lows.
it’s moving in a Descending Triangle pattern.
let’s wait for the confirmation of breakout from this descending triangle.
In another view, USDCAD forms a symmetrical triangle in 1 hour chart
After breakout happened at the bottom level of the symmetrical triangle, market re-tested the broken level twice.
Education notes:
Symmetrical Triangle = Lower highs, Higher lows
Descending Triangle = Lower highs, Equal lows
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