USD/CAD – 4H – BUY

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

An ascending movement up to the next resistance level at 1.37104 is certain.

Caution: A possible trend reversal in the direction of support at 1.35971 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Moreover a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

1.37104 – 1.37142 – 1.38775 – 1.35971 – 1.36308 – 1.38689 —
1.35855 – 1.35956 —
26.999342995493 – 37.012617950404 —
– —
1.37104 – 1777478400

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