USD/CAD – 4H – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 1.44669 will continue.
Caution: A possible change in the direction of the support line at 1.43349 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.44669 |
| Current Price | 1.43977 |
| Next Low | 1.43349 |
| 2nd Low | 1.41193 |
| 3rd Low | 1.40100 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Three White Soldiers