USD/CAD – 1H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline down.

A continuation of the bearish trend down to the next support at 1.34929 will persist.

Caution: A possible trend reversal in the direction of resistance at 1.35761 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.35761 – 1.36734 – 1.37243 – 1.35229 – 1.3548 – 1.36241 —
1.35469 – 1.35263 —
40.344435337671 – 33.926384288769 —
– —
1.35761 – 1770732000

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – Double bottom chart pattern – – – – – – – –