USD/CAD – 4H – BUY

Next a ‘Inverse Head and Shoulder chart pattern’ chart formation is existing. The chart forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish signal. The pair is likely to go up.

Next a ‘Last Engulfing Top’ candle chart pattern is found. The chart forms ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

1.37590 – 1.37543 – 1.37977 – 1.36173 – 1.36782 – 1.35395

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