USD/CAD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.35879328 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.36268 could happen.
Consider stop-loss settings accordingly.

Then a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.36268 – 1.36298 – 1.36191 – 1.36063 – 1.36039 – 1.3601 —
1.36208 – 1.36004 —
43.508220191716 – 40.04450603599 —
– —
1.36268 – 1777995000

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