USDCAD: Testing the annual support. Conditions for a crash.

The pair is trading on a 1.5 year long Channel Up on 1M that has turned neutral (RSI = 50.869, Highs/Lows = 0.0000, MACD = 0.008) as the price is currently testing the 2019 1.30700 Support. If this level is crossed we may have the conditions for a flash crash to the lower Support levels (dashed lines). The Death Cross formation should come as confirmation. We will go short on the break out on multiple positions in order to strategically take profit on each support leve.





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