USD/CAD – 1H – BUY

The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance line at 1.37977 is certain.

Caution: A possible reversal of the trend in the direction of support at 1.35665 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

Then a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.37735 – 1.36239 – 1.36587 – 1.35665 – 1.35561 – 1.35907 — 78.865608394909 – 80.171666320042 — 40.027025881844 – 35.84942335633 – 55.054468251271 – 43.087449069599

Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – – –