Trend Alert – USD/CAD Could Be Preparing for a Major Reversal!🚨 Trend Alert – USD/CAD Could Be Preparing for a Major Reversal! 🚨
Traders, be cautious! The USD/CAD pair appears to be approaching a critical turning point. The market has now reached significant monthly support levels, and we are currently hovering around a marked green zone — a region known for potential bullish reactions.
For quite some time, the market has been in a strong bearish trend, consistently showing Breaks of Structure (BOS) to the downside. If you've been observing closely, you'll notice that the price action has been favoring sellers for weeks, if not months.
However, the dynamics might be changing soon.
There’s a large pool of liquidity building up above the current price levels. This creates the perfect condition for a strong bullish pump. The market could seize this opportunity to shift its direction and initiate a fresh uptrend.
💡 Key Insight: The current setup suggests that the bearish phase might be exhausted, and we could see the start of a bullish rally from this green support zone.
📉 Selling traders – proceed with caution! The risk of a sudden upside move is high, and holding onto short positions without proper risk management could be dangerous.
🧠 As always: Do Your Own Research (DYOR).
📛 This is not financial advice — just a heads-up from a market observer who’s keeping an eye on the charts!
