USD/CAD – 30M – SELL

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.36241 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 1.36734 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.36734 – 1.37243 – 1.36996 – 1.36241 – 1.36521 – 1.36573 —
1.36607 – 1.36473 —
46.826411545717 – 41.98812147864 —
– —
1.36734 – 1770598800

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down – Double top chart pattern – – – – – – – –