USD/CAD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 1.36961166 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.37139 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bearish Harami’ candlestick chart pattern is discovered. The chart forms ‘Bearish Harami’. 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 likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).

1.37139 – 1.36791 – 1.36765 – 1.366 – 1.3643 – 1.36308 —
1.36997 – 1.37084 —
64.724293781393 – 69.51763195782 —
– —
1.37139 – 1776974400

Trading Signals: FOREX – USD – USD/CAD – CAD – Bearish Harami – – – – – – – – –