USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support at 1.38141 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.38406 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.

1.38406 – 1.38785 – 1.39284 – 1.38141 – 1.38593 – 1.38842 —
1.38393 – 1.38402 —
55.308927413527 – 51.048482291052 —
– —
1.38406 – 1768926600

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