The M5 and M15 time frames may have more false entry points.
FX.co ★ USDCAD M5: Bearish Symmetrical Triangle
Signal strength 1 of 5
USDCAD M5: Bearish Symmetrical Triangle
According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3649/1.3656 and upper border is 1.3665/1.3656. The pattern width is measured on the chart at -16 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCAD breaches the lower border, the price could continue its move toward 1.3641.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade