EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 1.50475 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.49646 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51696 |
| 2nd High | 1.51400 |
| Next High | 1.50475 |
| Current Price | 1.50163 |
| Next Low | 1.49646 |
| 2nd Low | 1.49301 |
| 3rd Low | 1.49205 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers