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USDCAD Downside Breakout From Rising Wedge.

Short
Dollar Américain / Dollar Canadien (FX:USDCAD)  
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FX:USDCAD   Dollar Américain / Dollar Canadien
Trend Analysis Harmonic Patterns Chart Patterns USDCAD usdcadanalysis dollar euro pound forexsignal forextrend forexanalysis forextrading
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trendanalysis harmonicpatterns chartpattern usdcad usdcadanalysis dollar euro pound forexsignal forextrend forexanalysis forextrading
USDCAD is Trading in the Descending Channel Pattern. Within Descending Channel Pattern, it was trading in a rising wedge and given a downside breakout, as shown in the chart. According to chart pattern analysis, we might see more downside towards the support level. Short side trade can be initiated with proper risk management and stop loss, as USDCAD may trade in channel pattern for the longer term.

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