These two USDCAD patterns present different time frames, but reflect the same probable outcome for the short term. Pattern 1 is an emerging continuation channel taken from the 240 minute time frame. It shows a spectacularly strong downtrending support line (A). Even though the probable direction of completion indicated on the pattern is upwards, the last few candles on the channel show the price returning yet again in the direction of the support line (A). Pattern 2 is a completed continuation triangle from the 15 minute time frame that broke through its resistance line (B). The last candle at the end of the completed triangle (2) is below the resistance line (B), suggesting the same downwards movement as at the end of channel (1) and the probable continuation of its downwards trend in the short term.
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