nice and simple setup

FX:USDCAD   U.S. Dollar / Canadian Dollar
nice looking price action. As you can on the weekly timeframe price reversed and started making Lower highs and Lower lows. The price is making upside down flags since it is on a bearish trend . As you can see the channel of the flags (correction) the support trendline of the channel has been respected 2 times and on the 3rd time it broke and made a bearish pole and now another pullback flag forming. The trendline has already been respected twice and like the 1st flag on the 3rd attempt i reckon its going to break and fall and make another bearish pole.
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