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The market has stabilized, the first signs of a downtrend appeared

July 25, 2022 1:58:17 PM by Alexander Zorevyk
Forecast Details
PairUSDCAD
Direction Sell
StatusClosed (1.2860)
13:58
13:58
Jul. 25, 2022

-70 p
1.2950
Stop Loss
1.2880
Entry
+60 p
1.2820
Target 1
+80 p
1.2800
Target 2
Chart & Analyst Comments
main-sell-trend-2
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  5. 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.
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