USD/CAD Back to double tops, reversal price action

Wait 5 sec.

USD/CAD Back to double tops, reversal price actionUS Dollar/Canadian DollarFX:USDCADMaslahAhmed2060Hello traders: The Big Picture USD/CAD has been climbing within an ascending channel, but the momentum is fading. We’ve reached a major Point of Interest (POI) where the price has formed a clean Double Top. This is a massive signal that the bulls are exhausted and a "Big Picture" shift is starting. My Execution Strategy I’ve outlined two specific ways to play this bearish move: The Risk Entry (Reversal): This was the entry at the second peak of the Double Top at the top of the channel. It offers the best risk-to-reward but requires catching the reversal early. The Safe Entry (Breakout): For those who want more confirmation, we wait for the price to break out of the ascending channel. The Correction: After the breakout, look for a small continuation (a bearish flag or "corruption"). Entering on the break of this small flag confirms the sellers are in total control. Targets & Risk Primary Target: I’m looking for a move back down to the start of the channel structure 🎯. 💡 Price Action Logic When an ascending channel ends with a Double Top, it’s a "Double Trouble" sign for buyers. The channel shows the struggle, and the Double Top shows the rejection. Waiting for the out-of-structure correction is the professional way to ensure you aren't caught in a fake-out!