EUR/CAD – 1H – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 1.50233 is certain.
Caution: A possible change in the direction of the support level at 1.49861 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50233 |
| Current Price | 1.50211 |
| Next Low | 1.49861 |
| 2nd Low | 1.49781 |
| 3rd Low | 1.48862 |