USD/CAD – 30M – BUYThe combination jumps from the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 1.38997 is likely expected.
Caution: A possible change in the direction of the support zone at 1.38840 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
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 | 1.39080 |
| Next High | 1.38997 |
| Current Price | 1.38992 |
| Next Low | 1.38840 |
| 2nd Low | 1.38818 |
| 3rd Low | 1.38378 |