USD/CAD – 4H – BUYThere is also a ‘Triple top chart pattern’ chart layout is found. The chart picture shows ‘Triple top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
There is also a ‘Last Engulfing Top’ chart pattern is found. The candles show ‘Last Engulfing Top’. this is a bearish pattern 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).
| 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 — 48.368102191838 – 47.099308632375
Trading Signals: FOREX – USD – USD/CAD – CAD – Last Engulfing Top – Triple top chart pattern –