as allready mentioned im my previous USDCAD Trading Idea, Bear claimed the 1h GMMA Chart. As of writting this, Bear is about to turn the 4h GMMA Chart Bearish - MOAR DOWN ;-)
The first down channel break downwards and accelerated into a Stage 2 downchannel. SR's outlined with Blacklines. Have a closer look on the outlined Box, will see how the price will behave when we arrive there!