USD/CAD – 1H – SELL

The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline downwards

A bearish trend down to the next support at 1.38504 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.39284 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.38547 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.39284 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Two Crows’ chart pattern is found. The chart shows ‘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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.39284 – 1.39194 – 1.38979 – 1.38593 – 1.38842 – 1.38659 —
1.38774 – 1.38650 —
43.917824683779 – 36.735211361093 —
– —
1.39284 – 1768593600

Trading Signals: FOREX – USD – USD/CAD – CAD – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –