EUR/CAD – 30M – BUY

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.61738 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.62334 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Matching Low’ candle chart pattern is existing. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.62334 – 1.63095 – 1.62912 – 1.61831 – 1.6193 – 1.61738 —
1.62109 – 1.62073 —
47.647159691363 – 50.577271944076 —
– —
1.62334 – 1763564400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low – – – – –