USD/CAD – 4H – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline down.

A descending movement down to the next support at 1.36421 will continue.

Caution: A possible change in the direction of resistance at 1.39193 could happen.
Consider stop-loss settings accordingly.

Then a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.

Then a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. 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).

1.39193 – 1.38054 – 1.37977 – 1.36421 – 1.37301 – 1.37994 —
1.38795 – 1.38971 —
59.020790827429 – 62.074969980376 —
– —
1.39193 – 1767988800

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