Hello Traders,
as allready mentioned im my previous USDCAD Trading Idea, Bear claimed the 1h GMMA Chart.
As of writting this, Bear is about to turn the 4h GMMA Chart Bearish - MOAR DOWN ;-)
The first down channel break downwards and accelerated into a Stage 2 downchannel.
SR's outlined with Blacklines. Have a closer look on the outlined Box, will see how the price will behave when we arrive there!
Stay safe, trade Safe,
Cheers
DB