USD/CAD – 4H – SELL

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

A descent down to the next support line at 1.35252 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 1.37413 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Then a ‘Matching Low’ candle chart pattern is found. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.37413 – 1.3716 – 1.37525 – 1.35252 – 1.36247 – 1.36482 —
1.37225 – 1.37094 —
62.11940351678 – 61.91206185641 —
– —
1.37413 – 1773417600

Trading Signals: FOREX – USD – USD/CAD – CAD – Matching Low – – – – – – – – –