- The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- 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.
The market has stabilized, the first signs of a downtrend appeared
July 25, 2022 1:58:17 PM
Forecast Details
PairUSDCAD
Direction
Sell
StatusClosed (1.2860)
-70 p
1.2950
Stop Loss
1.2880
Entry
+60 p
1.2820
Target 1
+80 p
1.2800
Target 2
Chart & Analyst Comments
