USD/CAD – 30M – BUYThe currency pair breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 1.39059 is certain.
Caution: A possible trend reversal in the direction of the support zone at 1.38818 could occur.
Consider stop-loss settings accordingly.
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 | 1.38950 |
| Next Low | 1.38818 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |