USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline down.

A descent down to the next support line at 1.3601 will persist.

Caution: A possible change in the direction of resistance at 1.36761 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Tweezers Top’ candle pattern is detected. The candles form ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.36191 – 1.35956 – 1.3593 – 1.3601 – 1.3575 – 1.35499 —
1.36104 – 1.36258 —
48.53738560542 – 64.074082397422 —
– —
1.36191 – 1777899600

Trading Signals: FOREX – USD – USD/CAD – CAD – Tweezers Top – – – – – – – – –