USD/CAD – 1H – SELLThe currency pair goes from the bullish trendline downwards
The bearish trend downwards to the next support line at 1.38818 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.39080 is within the realm of possibility.
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 | 1.39080 |
| Current Price | 1.38872 |
| Next Low | 1.38818 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |