EUR/CAD – 30M – BUY

And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.60688 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 1.60817 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Matching Low’ chart pattern is discovered. The candles form ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.60817 – 1.60652 – 1.60894 – 1.60434 – 1.60464 – 1.60542 —
1.60657 – 1.60883 —
58.051990647714 – 65.174730538903 —
– —
1.60817 – 1775228400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low – – – – – – – – –