USD/CAD – 4H – BUYIn addition a ‘Triple top chart pattern’ chart layout is discovered. The formation shows ‘Triple top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.
In addition a ‘Last Engulfing Top’ candle chart pattern is discovered. The candles show ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38613 |
| 2nd High | 1.37977 |
| Next High | 1.37590 |
| Current Price | 1.36025 |
| Next Low | 1.35395 |
| 2nd Low | |
| 3rd Low |
1.37590 – 1.37543 – 1.37977 – 1.36173 – 1.36782 – 1.35395
Trading Signals: FOREX – USD – USD/CAD – CAD – Last Engulfing Top – Triple top chart pattern