USD/CAD – 4H – BUYBesides a ‘Triple top chart pattern’ chart layout is discovered. The chart forms ‘Triple top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
Besides a ‘Last Engulfing Top’ chart pattern is discovered. The chart forms ‘Last Engulfing Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38613 |
| 2nd High | 1.37977 |
| Next High | 1.37590 |
| Current Price | 1.36025 |
| Next Low | 1.35395 |
| 2nd Low | |
| 3rd Low |
1.37590 – 1.37543 – 1.37977 – 1.36173 – 1.36782 – 1.35395
Trading Signals: FOREX – USD – USD/CAD – CAD – Last Engulfing Top – Triple top chart pattern