USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support at 1.39251 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 1.39604 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The pair is likely to go up.

Next a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.39604 – 1.3977 – 1.39691 – 1.39251 – 1.39571 – 1.39403 —
1.39532 – 1.39506 —
46.004146684992 – 45.30169779084 —
– —
1.39604 – 1764898200

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – Double bottom chart pattern – – – – – – – –