USDCAD is 1.38 going to be the reversal level!?! HUGE DOWNSIDE

Short

U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

Trend Analysis Chart Patterns Technical Indicators Support and Resistance level short USDCAD usdcadsell selloff SELL shortidea sellposition

trendanalysis chartpattern indicator supportandresistance level short usdcad usdcadsell selloff sell shortidea sellposition

Have been watching very carefully around this resistance of 1.38 on USDCAD to see how price reacts. We have now had multiple rejections and another (FAKE?) push through followed by price quickly selling back off... we sometimes see these fake moves (breaking through levels) to catch the early sellers before the big moves happen... is this the situation with USDCAD?? I believe we have some downside coming, so like I explained I've got my eyes on a zone where if price fails it once more ill be opening a short for potentially a big move to the downside.

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