USD/CAD – 4H – BUY

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

A continuation of the upward movement up to the next resistance line at 1.42959 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.39502 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

1.40235 – 1.3969 – 1.38696 – 1.39502 – 1.38989 – 1.38659 —
1.42428 – 1.41904 —
67.505207632207 – 46.388576792197 —
– —
1.40235 – 1781193600

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