USD/CAD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.363325 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1.37413 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative pattern 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).

1.37413 – 1.36048 – 1.35854 – 1.35762 – 1.35545 – 1.35418 —
1.37118 – 1.37041 —
61.105798018999 – 50.952368329296 —
– —
1.37413 – 1773428400

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