USD/CAD – 4H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support at 1.35252 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 1.37104 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.37104 – 1.37142 – 1.38775 – 1.35971 – 1.36308 – 1.38689 —
1.36872 – 1.35865 —
52.836110689822 – 30.042747852309 —
– —
1.37104 – 1777478400

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – – – – – – – – –