That much anticipated W has finally formed after a graceful fall of the CAD. After braking the weekly zone in yellow it has now approached the monthly zone in red which I think will be harder to brake this time after such a fall. Sellers have indeed been in control for a long time but they can't hold forever and so am leaning towards a bullish trend in the long run. As usual this is a ver bad area to impulsively trade as the market makers love to eat stop losses around this point, and so as usual the price may slightly brake the monthly resistance just to stop you out b4 an all out bullish move!