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USDCAD: false breakdown of resistance

Long
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
After testing the strong support level 1.2058, formed in September 2017, a false one was made.
I think that after distributing and taking the target, the instrument can turn around, return to the descending channel and reach the nearest resistance level 1.2280
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Comments

What do you expect Canada's Core Retail Sales Index?
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CY_Trader TradingStat
@TradingStat, yea currently what i saw was cad getting stronger thn dollar, expecting to reach lower.
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TradingStat CY_Trader
@CY_Trader, So it's correct
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