USD/CAD – 4H – BUYBesides a ‘Triple top chart pattern’ chart formation is existing. The formation shows ‘Triple top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
Besides a ‘Last Engulfing Top’ candlestick pattern is discovered. The chart shows ‘Last Engulfing 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 ‘Last Engulfing Top’ going 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