EUR/CAD – 4H – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance level at 1.63406 will persist.

Caution: A possible reversal of the trend in the direction of the support line at 1.61738 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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).

1.63406 – 1.62557 – 1.63127 – 1.61738 – 1.61926 – 1.61389 —
1.63102 – 1.63176 —
64.913444285007 – 53.648177690877 —
– —
1.63406 – 1763064000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –