USD/CAD with a promising shooting star candle on the D1

For the shooting star to be a valid sell signal, it must hold through the remainder of the European session and the American session. A confirmed shooting star at this level would suggest a good shorting opportunity, targeting the blue uptrend line and green horizontal support as potential profit levels. Conversely, if the price closes above the orange resistance, it would invalidate the bearish setup and signal a continuation of the uptrend, prompting a long position.

Traders should closely monitor how the USD/CAD pair behaves through the rest of the trading day. The key to this setup is whether the shooting star formation holds, offering a clear direction for the next trading move. The market's response will be crucial in determining the short-term outlook for this currency pair.