USD/CAD potential buy...potential huge fake out

3 lut 2019

Price is currently hitting some key points suggesting that it will turn around soon and be bullish. It has made a massive head and shoulders, it is returning to places where smart money needs it to go to mitigate out, and it has retested this trend line three times and then returned bullish. However, if you look at the weekly chart, price has created a lower high twice now after making a huge push up to the previous beaker block location. I personally thing price is going to sell off strong after hitting the trend line and continue down. The sell position smart money got in during massive push up on the weekly may actually change the weekly trend to bearish if price breaks the trend line it is likely this will play out.