On 1h timeframe, USDCAD is moving in descending channel. We can go short when the price takes resistance from the channel. Our target will be the channel's bottom which is the previous impulse move's correction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
