After successfully reaching the take profit as per our previous idea, the USD/CAD currency pair appears to be once again gearing up for a possible bearish impulse. In all likelihood, the price may experience a temporary rebound upon reaching the dynamic trendline of the upside trendline of the bearish channel. Our current outlook is centered on the emergence of a fresh wave of bearish momentum, potentially resulting in a downward push.
Note
✅ Previous Winning Idea 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.