I see USD/CAD in 2 possible scenarios.
1. Scenario: Deviation of Support of the descending triangle.
In this we case should keep in the yellow box and move up to at least the blue trendline and then maybe break it to the upside, because retail trader think this pattern is bearish and already shorted the breakdown. --> they get rekt and big traders already grabbed them to fill their orders...
2. Scenario: Real breakdown.
In this case we should see an retest of the broken support and then move further down. Maybe we dont even see an retest and the fall just continues from here.
"Strongest breakouts are without retest.."
Enjoy :)
1. Scenario: Deviation of Support of the descending triangle.
In this we case should keep in the yellow box and move up to at least the blue trendline and then maybe break it to the upside, because retail trader think this pattern is bearish and already shorted the breakdown. --> they get rekt and big traders already grabbed them to fill their orders...
2. Scenario: Real breakdown.
In this case we should see an retest of the broken support and then move further down. Maybe we dont even see an retest and the fall just continues from here.
"Strongest breakouts are without retest.."
Enjoy :)