Majority of traders are still holding onto Shorts. This means we should continue to Buy USDCAD.
The activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.