USD/CAD – 4H – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline down.
The bearish trend downwards to the next support level at 1.41193 is certain.
Caution: A possible change in the direction of the resistance zone at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.42945 |
| Next Low | 1.41193 |
| 2nd Low | 1.40100 |
| 3rd Low | 1.39802 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers