USD/CAD – 4H – SELL

There is also a ‘%K fall below 80’ indicator signal is discovered. The indicator is ‘%K fall below 80’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.401385 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.41305 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ going down is 82%.

1.41305 – 1.4062 – 1.41401 – 1.3971 – 1.39849 – 1.40007 —
1.41131 – 1.41047 —
61.682513556345 – 49.509336375722 —
– —
1.41305 – 1763740800

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –