Buy USD/CAD – 1H – BUY

The currency pair goes from the bullish trendline downwards

A bearish descent downwards to the next support level at 1.38904 is likely expected.

Caution: A possible change in the direction of resistance at could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 1.39448 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at could be enabled.
Consider stop-loss settings accordingly.

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
Current Price 1.39516
Next Low 1.38904
2nd Low 1.38762
3rd Low 1.38378

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