USD/CAD – 1H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline upwards

A continuation of the uptrend up to the next resistance line at 1.42478 is certain.

Caution: A possible reversal of the trend in the direction of support at 1.41749 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.42478 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.42478 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

1.42175 – 1.42093 – 1.42478 – 1.41749 – 1.41688 – 1.41772 —
1.42093 – 1.42229 —
51.083010114481 – 60.669868251048 —
– —
1.42175 – 1782752400

Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –