USDCAD SELL SHORT

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Structure: The chart presents a descending structure with lower highs and lower lows, indicating a bearish trend. The price is nearing a key support zone, and the pattern suggests a potential continuation of the downtrend.

Trade Setup: The trade setup involves a short position, aiming for a decline towards the 1.35000 area (green zone), which is a strong support level. The stop loss is placed at 1.37678 (red area) to cover against the risk of a reversal and the trend breaking to the upside.
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Chart PatternsTrend AnalysisWave Analysis

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