EUR/CAD – 30M – BUY

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

An ascent upwards to the next resistance level at 1.60271 will continue.

Caution: A possible reversal of the trend in the direction of support at 1.59654 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend will continue. Current target is 1.59834616 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.60271 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Up’ candlestick pattern is existing. The candles show ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.60271 – 1.60382 – 1.60235 – 1.59889 – 1.59929 – 1.59916 —
1.59840 – 1.59673 —
38.149012636301 – 33.762445176289 —
– —
1.60271 – 1777273200

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