EUR/CAD – 1H – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards

A bullish ascent up to the next resistance at 1.60311 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 1.59386 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘MACD Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘MACD Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair could go up.

Besides a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 1.59884 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.60311 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

1.60311 – 1.60271 – 1.60382 – 1.59386 – 1.59889 – 1.59929 —
1.59718 – 1.59829 —
33.194487583587 – 40.586061006304 —
– —
1.60311 – 1777410000

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