USD/CAD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.39612 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.40235 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Harami’ chart pattern is discovered. The candles show ‘Bearish Harami’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

1.40235 – 1.395 – 1.3969 – 1.3953 – 1.38989 – 1.39187 —
1.39740 – 1.39853 —
52.340800440749 – 52.316104350026 —
– —
1.40235 – 1781197200

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Harami – – – – – – – – –