USD/CAD – 30M – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline down.

A bearish descent downwards to the next support line at 1.37 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.38054 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. which 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 chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.37475 – 1.37277 – 1.37086 – 1.37 – 1.37042 – 1.3688 —
1.37693 – 1.37927 —
54.019728697612 – 57.852508525029 —
– —
1.37475 – 1767385800

Trading Signals: FOREX – USD – USD/CAD – CAD – Two Crows – Double bottom chart pattern – – – – – – – –