USDCAD - WEEKLY OUTLOOK

TECHNICAL:
Descending Trendline
Daily Fib
4hr Fib
4hr 800ema
Weekly support
4hr Ascending channel
Potential 4hr Double Top

Buy Entry
Break of Descending channel
break of 4hr 800EMA
Break of resistance @ 0% fib
break of 4hr resistance to invalidate double top
Target -38.2% Fib

Sell Entry
Break of ascending channel
Close below 23.6% weekly fib and confirming double top
Close below 4hr 23.6% fib
Close below weekly support
Target 61.8% Fib