USD/CAD – 30M – SELL

There is also a ‘Double top chart pattern’ chart pattern is existing. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 1.35997 will continue.

Caution: A possible change in the direction of the resistance zone at 1.36183 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.36183 – 1.36823 – 1.37590 – 1.35997 – 1.36532 – 1.36273

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Double top chart pattern