USD/CAD – 30M – SELL

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘StochOSC Hidden Bearish Divergence’ indicator layout is detected. The indicator shows ‘StochOSC Hidden Bearish Divergence’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.361515 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.36359 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.36359 – 1.36372 – 1.36355 – 1.36031 – 1.35931 – 1.35971 —
1.36195 – 1.36328 —
56.140963999278 – 64.57861000568 —
– —
1.36359 – 1770994800

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – Double top retreat up – – – – – – – –