USD/CAD – 4H – SELL

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

A continuation of the downtrend downwards to the next support level at 1.36247 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.37525 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Belt Hold’ candle pattern is discovered. The candles form ‘Bearish Belt Hold’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.37525 – 1.37122 – 1.37246 – 1.36247 – 1.36482 – 1.35039 —
1.36727 – 1.36768 —
39.916351194206 – 46.853709734748 —
– —
1.37525 – 1772553600

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Belt Hold – – – – – – – – –