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USDCAD - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairUSDCAD
Publication Time7/19/23 11:58 AM
Direction Sell
Status Closed (1.3120)
11:58
11:58
Jul. 19, 2023
Forecast
-65 p
1.3250
Stop Loss
1.3185
Entry
+65 p
1.3120
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. MVP line is above the price and acts as a resistance level.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  4. Set Take Profit at the local low, beyond which there is a cluster of orders.
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