USD/CAD – 1H – BUY

The pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance at 1.36742 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 1.35762 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.36742 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.36742 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

1.36048 – 1.35854 – 1.36013 – 1.35762 – 1.35545 – 1.35418 —
1.36423 – 1.36422 —
71.460291972941 – 68.582719999258 —
– —
1.36048 – 1773255600

Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers – – – – – – – – –