USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline downwards

A bearish descent down to the next support level at 1.366 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.36791 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Three Inside Down’ candlestick pattern is discovered. The chart shows ‘Three Inside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.36791 – 1.36719 – 1.36765 – 1.366 – 1.36638 – 1.3643 —
1.36711 – 1.36875 —
49.492255273906 – 62.87273981139 —
– —
1.36791 – 1776913200

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