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USDCAD: Strong Resistance Ahead!

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
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FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Wave Analysis Chart Patterns USD canadiandollar CAD USD (US Dollar) Forex trader fx Currencies USDCAD
65
11
trendanalysis waveanalysis chartpattern usd canadiandollar cad usd-us-dollar forex trader fx currencies usdcad
snapshot

USDCAD is very close to a strong structure resistance.

1.413 - 1.4175 is the perfect potential reversal zone based on a horizontal structure and a falling trendline.

to confirm the significance of that zone we will be waiting for a breakout of the rising wedge pattern on 4H.
then we can short the pair aiming at 1.403 / 1.395


bias will switch to bullish in case of a bullish violation of the underlined structure.
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