FX:USDCAD   U.S. Dollar / Canadian Dollar
If the market fails to break the smaller channel then we are expecting it to start moving in a downward movement towards the lower boundary of the bigger channel and break below. Once that happens we are looking at a short for approximately a year or two. As we can see the bigger channel just completed the ABCDE pattern and we are expecting the market to respect the trend.
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.