USD/CAD – 30M – BUY

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.37479 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.37479 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.37479 – 1.37378 – 1.37237 – 1.37054 – 1.37138 – 1.36875 —
1.37374 – 1.37340 —
53.061529839561 – 50.73043662272 —
– —
1.37479 – 1773932400

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – – – – – – – – –