USD/CAD – 30M – SELL

The combination US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards

A bearish movement downwards to the next support level at 1.35777 will persist.

Caution: A possible counter-trend in the direction of resistance at 1.36415 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Tweezers Top’ candlestick pattern is discovered. The chart forms ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.36415 – 1.3641 – 1.36268 – 1.35777 – 1.36063 – 1.36039 —
1.36380 – 1.36390 —
59.3127674876 – 58.06366210236 —
– —
1.36415 – 1778124600

Trading Signals: FOREX – USD – USD/CAD – CAD – Tweezers Top – – – – – – – – –