The market is in a downtrend because:
1)The price of the USD/CAD is below the EMA(200) and EMA(100)
2) The market is in sell zone
3) The MACD have down momentum
4) The RSI is bellow 50 so in downtrend
So I enter short looking to target the green price level.
1)The price of the USD/CAD is below the EMA(200) and EMA(100)
2) The market is in sell zone
3) The MACD have down momentum
4) The RSI is bellow 50 so in downtrend
So I enter short looking to target the green price level.