USD/CAD – 30M – SELL

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.37815 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.38329 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.38329 – 1.38445 – 1.38426 – 1.37815 – 1.38163 – 1.37852 —
1.37896 – 1.37960 —
40.466068179984 – 51.890467323729 —
– —
1.38329 – 1769083200

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – – – – – – – – –