EUR/CAD – 4H – BUY

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

A bullish ascent up to the next resistance at 1.58343 will persist.

Caution: A possible trend reversal in the direction of support at 1.56118 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. which 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 probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.58343 – 1.61701 – 1.61662 – 1.56118 – 1.58357 – 1.61205 —
1.57042 – 1.56930 —
40.259160332048 – 43.255608008732 —
– —
1.58343 – 1773172800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Up – – – – – – – – –