USD/CAD – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 1.37128 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.37879 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. which is a negative 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).

1.37879 – 1.37819 – 1.37779 – 1.37128 – 1.37264 – 1.37607 —
1.37345 – 1.37247 —
49.884216769994 – 44.909320555679 —
– —
1.37879 – 1776263400

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