EUR/CAD – 1H – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.

A bullish movement up to the next resistance line at 1.62623 is expected.

Caution: A possible counter-trend in the direction of the support zone at 1.61432 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.62623 – 1.6168 – 1.61823 – 1.61432 – 1.61319 – 1.61066 —
1.61622 – 1.61641 —
37.125416473353 – 35.987990281791 —
– —
1.62623 – 1768921200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – – – – – – – –