USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 1.35395 is expected.

Caution: A possible change in the direction of the resistance level at 1.35820 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a negative chart scenario. 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).

1.35820 – 1.36068 – 1.36502 – 1.35395 – 1.35766 – 1.35659

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