UPDATED! USDCAD Short: Long term hold (661 Pips)

Since price broke the bullish resistance on May 19 I'm expecting price to go up when it reaches approximately 1.38507. If everything goes as said in the technical analysis a head and shoulders pattern will be formed because of the bullish resistance that was broken and price will later on breakthrough to the downside when the bears once again have pushed the price down to 1.38507.