Oanda open positions ratio1. The large red arrow shows a clear down slopping trend.
USD/CAD: 52.59% Long vs 47.41% Short
2. Look at the True Trend we see a confirmation that we are in a down trend with the TrendCCI below the zero line and we also see an ideal situation with the EntryCCI having just risen above the zero line now reversing back down.
3. Price is everything. We see now price has taking out yesterday's low resuming the down trend.
We do not know what will happen only that this is a high probability setup that we want to be a part of. Entry is one thing, managing a trade is another!