Weekly Price Action Analysis USDCAD

USDCAD (3rd December to 7th December):

Analysis: Price action analysis on this pair shows that it is has reached a major price ceiling/resistance level. A fakey candlestick pattern followed by a pinbar formed towards close of last week; which is a strong indication of an imminent market reversal at the resistance level.
Summary: We will wait for bearish confirmation candlesticks as the market resumes trading this week in order to confirm the trend reversal, and for us to go short on this pair.