USD/CAD trend at the beginning of the week - up or down?

USD/CAD news:

🔆USD/CAD is currently at the resistance level of 1.4230 as the USD shows signs of rebounding in the US trading session. However, the outlook for the US dollar is weakening as the possibility of a Fed rate cut increases. The weakness of this pair is due to the weaker US dollar following the gloomy US economic data.

🔆In addition, the US 10-year bond yield is still maintaining its bearish momentum. With a decrease of 0.38% on the day

Personal opinion:

🔆USD/CAD is still maintaining its bearish momentum. The 1H chart is forming a Bearish Flag. The bearish flag pattern shows that many investors are taking profits after holding back the sell-off. When enough accumulation, the sellers will gather strength to push the price out of the lower price channel, pushing the price back to the old trend.

Plan:
🔆Price Zone Setup:

👉Sell USD/CAD 1.4228– 1.4248
❌SL: 1.4290| ✅TP: 1.4180 – 1.4140 – 1.4100

FM wishes you a successful trading day 💰💰💰