USD/CAD – 30M – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline down.

The bearish trend downwards to the next support line at 1.36573 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.36928 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.36928 – 1.36838 – 1.36504 – 1.36573 – 1.36283 – 1.36321 —
1.36889 – 1.36995 —
61.894425786262 – 66.500780941737 —
– —
1.36928 – 1770265800

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