- I see a good short opportunity for USDCAD at the reversal the descending triangle. -EMA indicates medium term bearish momentum of the pair. -38.2% fib level is line with the support of the descending triangle. -However, price could potentially go back within the descending triangle and indicating it is a false signal. -I will wait to see how price will react the levels before placing the trade. -I will look to see if there is another strong bearish candle to confirm the bearish signal and enter.