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USD/CAD: Descending Triangle

USD/CAD, 1 hour    SHORT Jan 19
We can see that a descending triangle is recognized, USD/CAD wants a further strong move as proof of a breakout. A descending triangle identifies a compelling bearish indicator that can be used to signal a sharp decline when price breaks down. There is a chance of a move to 1.347 on impulse below 1.348.
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