EUR/CAD – 1H – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline up.

The bullish trend up to the next resistance line at 1.60271 will continue.

Caution: A possible counter-trend in the direction of the support level at 1.59654 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend will continue. Current target is 1.59981848 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 1.60271 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three White Soldiers’ chart pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

1.60271 – 1.60382 – 1.60235 – 1.59889 – 1.59929 – 1.59654 —
1.59875 – 1.59726 —
33.688837495831 – 28.254110940863 —
– —
1.60271 – 1777273200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –