USD/CAD – 1H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline down.

A continuation of the downtrend down to the next support at 1.35354 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.36076 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Matching Low’ candle pattern is discovered. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.36076 – 1.37389 – 1.38445 – 1.35354 – 1.35586 – 1.36713 —
1.35615 – 1.35207 —
51.911041299263 – 42.418633903842 —
– —
1.36076 – 1769634000

Trading Signals: FOREX – USD – USD/CAD – CAD – Matching Low – Head and Shoulder chart pattern – – – – – – – –