USD/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.43233 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is found. The candles show ‘Three White Soldiers’. which is a positive signal. The 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.43291 |
| Next Low | 1.42984 |
| 2nd Low | 1.42222 |
| 3rd Low | 1.42190 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers