USD/CAD – 1H – SELLThe pair jumps from the bullish trendline down.
A bearish trend down to the next support line at 1.38378 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.39059 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.39059 |
| Current Price | 1.38919 |
| Next Low | 1.38378 |
| 2nd Low | 1.38122 |
| 3rd Low | 1.37851 |