Looking at USDCAD and its current price action for the possible bullish move up.
On the higher time frame, we can see a clear impulse phase up, and a larger, parallel channel like correction that has been going on for many years. Price is right back to a double bottoms, and there is a lower time frame bullish reversal impulse.
Now lets take a look at the lower time frames, we see a similar correctional structure after the bullish impulse up. These are good signs of multi-time frames that have the same direction and bias, can further strength our outlook and overview view.
Now that on the LTFs, we see a small, double bottoms, and a descending channel. Price has indeed reverse up from the descending channel correction.
To confirm more upside, wait for another LTF continuation correction to form, to validate the next up move.