USDCAD BEARISH STRUCTURE
USDCAD | What'd be the next price action? As we can see on the provided timeframe(1W), price tends to be reacting to the current double top pattern that's being formed by forming a bear flag pattern which has apparently completed its cycle. So therefore in the coming weeks, so far we do not see a BMS from "1.3 - 1.35" will validate this idea. If you had stumbled on my penultimate analysis on my page, you'd notice a very similar pattern of this pair was identified on BTCUSDT chart which has been effective since then. It's not a news anymore that history repeats itself so watch out for the area to take a position. Ultimately, there'd a strong reaction at the neckline which is what would finalize this completion of the bearish double top pattern just as btc is presently reacting to its neckline area and then before taking a position make sure you have placed a reliable setup. More milk on this🤗.
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