USD/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.39802 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.40452 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40775 |
| 2nd High | 1.40651 |
| Next High | 1.40452 |
| Current Price | 1.39937 |
| Next Low | 1.39802 |
| 2nd Low | 1.39508 |
| 3rd Low | 1.39273 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows