EUR/CAD – 4H – BUY

The pair Euro/Canadian Dollar (EUR/CAD) jumps from the descending trendline up.

An ascent up to the next resistance at 1.61701 is likely expected.

Caution: A possible change in the direction of the support level at 1.56444 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.

Next a ‘Three White Soldiers’ candlestick pattern is existing. The candles form ‘Three White Soldiers’. 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 success rate of a ‘Three White Soldiers’ heading up is 82%.

1.61701 – 1.61662 – 1.61722 – 1.58357 – 1.61205 – 1.60839 —
1.58605 – 1.56862 —
31.740299743707 – 28.22185192927 —
– —
1.61701 – 1772121600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –