EUR/CAD – 30M – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline upwards

A continuation of the uptrend up to the next resistance line at 1.57937 is expected.

Caution: A possible counter-trend in the direction of support at 1.57037 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Latter Bottom’ chart pattern is discovered. The chart shows ‘Latter Bottom’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).

1.57601 – 1.57017 – 1.57467 – 1.57037 – 1.57209 – 1.56543 —
1.57713 – 1.57997 —
62.71693809703 – 64.673391759134 —
– —
1.57601 – 1773698400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Latter Bottom – – – – – – – – –