USD/CAD – 30M – BUY

The pair US Dollar/Canadian Dollar (USD/CAD) breaks through the ascending trendline upwards

A continuation of the upward movement up to the next resistance level at 1.36996 will persist.

Caution: A possible change in the direction of the support level at 1.36521 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.

Then a ‘Three Outside Up’ chart pattern is found. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.36996 – 1.36928 – 1.36838 – 1.36521 – 1.36573 – 1.36283 —
1.36805 – 1.37101 —
50.114071825545 – 63.240117706493 —
– —
1.36996 – 1770292800

Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Up – Double top retreat up – – – – – – – –