USD/CAD – 4H – BUY

There is also a ‘Inverse Head and Shoulder chart pattern’ chart layout is detected. The chart forms ‘Inverse Head and Shoulder chart pattern’. which is a positive pattern signal. The currency pair is likely to rise.

There is also a ‘Last Engulfing Top’ chart pattern is discovered. The chart shows ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

1.37590 – 1.37543 – 1.37977 – 1.36173 – 1.36782 – 1.35395

Trading Signals: FOREX – USD – USD/CAD – CAD – Last Engulfing Top – Inverse Head and Shoulder chart pattern