Usdcad-chart
Scenario on USDCAD On this chart, a triangle has formed, which is also part of a larger, larger expanding triangle from the daily timeframe perspective, and all of this is happening near the resistance at the price level of 1.41. In my opinion, the market will try to test this level again. If the price is rejected during this session, I can take it as the conclusion of the entire formation and I will then wait for a potential setup to enter a short.
Highlight & Parallel Channel on USDCAD.Parallel channel(value area)
(B) support for pushing the price (c)
Let's little more deeper throughout zooming the chart for the co-relationship by using parallel channel of (A) (B) and (B) moved.
If you want to trade on this pair , just comment then I will update trade-level into timeline.