FX.co ★ Comprehensive Analysis in Trading: Mastering Methodologies

Hello traders, Our trading plan for a decline in the USD/CAD pair was only partially executed - the instrument reached the level of 1.39832 but did not continue to decrease towards the targets at 1.38863. Instead, the market reversed, broke through the level of 1.40616, and closed the sell position at the stop loss. I have decided to close all open trades and take a wait-and-see position, as the end of the U.S. shutdown could cause increased market turbulence. The sentiment of open positions, with 70% sellers versus 30% buyers, clarified where these 70% were concentrated and what prevented further decline. The current balance of power suggests the implementation of a long scenario with the testing of levels at 1.41388 and above. Details are provided in the screenshot.