EUR/CAD – 30M – BUY

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 1.596825 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.59881 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bullish Engulfing’. which 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 ‘Bullish Engulfing’ heading up is 63%.

1.59881 – 1.60034 – 1.59781 – 1.5922 – 1.5919 – 1.59158 —
1.59448 – 1.59473 —
50.62954205801 – 51.348916406067 —
– —
1.59881 – 1777654800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Engulfing – – – – – – – – –