FX.co ★ absh kaat | USD/CAD

I am looking at the current USD/CAD situation and I have decided that I would consider selling from the price of 1.3832, because I see this level as a point where the market may start to turn downward and give me a favorable entry. I have already planned that if the price goes against my position and rises to 1.3890, I will exit the market without hesitation, because I know that protecting my capital is more important than holding on to a losing trade. I am targeting the 1.3774 level, as I believe it would be a great point for the market to reach and provide me with a solid profit if the bearish scenario develops as expected. I also know that other participants trading against my position can shift the balance of power in the market, and I cannot ignore that their actions may force the price to move unpredictably. I therefore remind myself that I must constantly monitor the situation and stay alert to any changes in momentum or volume that could signal a reversal. I am prepared to adjust or even reverse my deal if I see that the market sentiment has changed and my bearish bias is no longer valid. I am also aware that discipline in execution is critical here, because the market can quickly punish hesitation. I am determined to stick to my strategy and risk management, but I am equally ready to react quickly if conditions demand it. I believe that with this plan, I have a clear roadmap, and I am confident that staying patient and focused will give me the best chance to succeed in this trade.

I have been closely watching USD/CAD this entire week, and I have not seen anything particularly interesting, as the pair has been stuck in a small sideways trend within the narrow range of 1.3915–1.3820, and I find that we are still moving inside this corridor without a decisive breakout. I notice that the MA100 has been moving almost parallel to the floor, and I interpret this as a strong sign of flat market sentiment dominating the week, while I also observe that the MA18, which for a while was behaving quite energetically, managed to rise at a trend angle of about forty degrees and cross above the MA100, giving me a clear golden cross buy signal, yet I see that this bullish momentum slowed down as the market entered the flat phase. I now see the MA18 also flattening, working sideways in harmony with the broader flat structure, though I cannot ignore the fact that all candles are being formed above both guiding moving averages and also above the Ichimoku Cloud, which I interpret as evidence of an underlying bullish charge hidden within the flat. I observe the Ichimoku Cloud itself in transition, as it shifts from a bearish zone where three distinct downward waves have already been worked out into the early stage of a bullish cycle, and I believe this indicates the birth of a bullish wave that could extend into three upward movements in the near future. I also consider that the final part of this transition looks highly charged with bullish energy, and I strongly suspect that once the pair exits this narrow sideways channel, the breakout will be in favor of the north. I therefore conclude that although this week has been dominated by a flat structure, I must prepare myself for a potentially sustained bullish phase, where the market may provide long opportunities once confirmation of the breakout comes, and I feel confident that the current technical setup justifies a bullish outlook.