USDCAD Long Setup (30m)
Price is currently testing a key descending resistance trendline, following a strong bullish impulse.
If price manages to hold above this level and confirm acceptance above the resistance and the moving average, the recent move can develop into a trend continuation to the upside rather than a corrective pullback.
A sustained break and consolidation above the trendline would signal a shift in short-term market structure, opening the door for further upside momentum. The setup is evaluated using market structure, trendline dynamics, moving average support, and price action confirmation.