USD/CAD – 30M – SELL

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

A bearish descent down to the next support level at 1.38689 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.39285 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.39285 – 1.39295 – 1.39481 – 1.38906 – 1.39036 – 1.3902 —
1.39040 – 1.38884 —
36.776044819698 – 29.968101708504 —
– —
1.39285 – 1775568600

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –