USDCAD preparing for a nice long

Price is forming a nice descending channel and divergence is appearing as well. Personally i will wait for further confirmation either and impulse and a 15min correction. The push might happen this week or next week. If you see a strong break to the downside the setup is invalid. But if you want you can take a risk with 40-50pip stop. Risk only what you are willing to lose. Stay safe.

Possible R:R for Risk Entry 1:10

Possible R:R for reduced risk entry 1:7.5