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CAD prepares for its next move down

Short
Canadian Dollar Futures (CME:6C1!)  
ChickFilATrader  
CME:6C1!   Canadian Dollar Futures
Trend Analysis Chart Patterns 6c USDCAD
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trendanalysis chartpattern 6c usdcad
1. CAD is in a strong bearish head & shoulders pattern.
snapshot

2. CAD shows lots of weakness on the back of persistent US and G7 inflation numbers, with BoC being the first to pause rates amidst a slowing economy in Canada.

3. At this moment, 6C showing a false breakout before its next move down.
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