USD/CAD – 30M – BUY

And also a ‘Head and Shoulder chart pattern’ chart formation is detected. The chart picture forms ‘Head and Shoulder chart pattern’. this is a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.35997152 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.36009 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.36009 – 1.36569 – 1.36587 – 1.35789 – 1.36378 – 1.35907

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Head and Shoulder chart pattern