The USD/CAD pair is currently encountering resistance at a key liquidity pool, and our algorithms are signaling a potential shift towards a downward trend.
Based on price behavior and my algorithms, currently we are bouncing off of an order pool and should begin a downward trajectory to the designated profit target.
Initiating a short position based on algorithmic trading signals.
Prices moved up into the upper order pool and my algorithms have changed color to yellow which signifies downward momentum so I'm going short.
NC has retraced to the point indicated by my Algorithmic Trigger, which is designed to identify potential locations of banking algorithms. Based on this observation, I anticipate a subsequent downward trend in its trajectory.