USD/CAD – 4H – BUY

And also a ‘Inverse Head and Shoulder chart pattern’ chart layout is detected. The chart picture forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish pattern signal. The currency pair is likely to rise.

And also a ‘Bullish Engulfing’ candlestick pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish 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 ‘Bullish Engulfing’ going up is 63%.

1.37590 – 1.37543 – 1.37977 – 1.36173 – 1.36782 – 1.35395

Trading Signals: FOREX – USD – USD/CAD – CAD – Bullish Engulfing – Inverse Head and Shoulder chart pattern