USD/CAD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.4008642 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 1.41246 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ going down is 82%.

1.41246 – 1.41185 – 1.41305 – 1.40812 – 1.40394 – 1.3971 —
1.40835 – 1.40576 —
43.832647555026 – 31.312168992832 —
– —
1.41246 – 1764079200

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –