USDCAD has been in a serious downtrend consistently making lower lows and lower highs and breaking short-term up trends with great bearish momentum. Knowing this we are looking at any short-term up trend as a corrective pullback that when broken will spark a continued move to the downside. This type of market will provide us with very high probable set ups if we are patient. We are awaiting a break below and close below this blue short-term up trend line with confluence from our price action algorithm predicting a move to the downside with a chance performance prediction rate of 85% or higher to take a short position on this pair.
Currently our algorithm is predicting a reversal at the trend line for a continued move to the upside with a chance performance prediction rate of 70% as shown in the image below: [img]i.imgur.com/Tb6Ch6B.png[/img]
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.