EUR/CAD – 30M – BUY

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 1.61857 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 1.61857 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. which is a positive pattern signal. 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 Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.61857 – 1.61119 – 1.60924 – 1.6045 – 1.60434 – 1.60464 —
1.61673 – 1.61595 —
70.667095959924 – 60.754224554299 —
– —
1.61857 – 1775613600

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