The market has stabilized, the first signs of a downtrend appeared
December 3, 2020 7:46:24 AM
Forecast Details
PairUSDCAD
Direction
Sell
StatusClosed (1.2845)
-70 p
1.3010
Stop Loss
1.2940
Entry
+70 p
1.2870
Target 1
+95 p
1.2845
Target 2
About Author
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 3
Buy or Sell
Chart & Analyst Comments

- Majority of traders are still holding onto Longs. This means we should continue to Sell USDCAD.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The idea of this Sell forecast is based on a long-term downtrend, which is confirmed by the MVP indicator dynamics.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- The drop in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the downward movement.