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FX.co ★ USDCAD M30: Bearish Symmetrical Triangle

USDCAD M30: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleThe Bearish Symmetrical Triangle pattern has formed on the USDCAD M30 chart. Its lower boundary passes through 1.3759/1.3775, while its upper boundary passes through 1.3793/1.3775. The pattern width is 34 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If USDCAD breaks below the lower boundary, the price could move toward 1.3745.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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