EUR/CAD – 4H – BUY

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

A bullish trend upwards to the next resistance level at 1.60311 will persist.

Caution: A possible counter-trend in the direction of the support level at 1.59029 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

There is also a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.60311 – 1.60382 – 1.62477 – 1.59029 – 1.59158 – 1.59386 —
1.59535 – 1.59383 —
32.823375420709 – 42.540238225351 —
1.59029 – 1777910400 —
1.60311 – 1777406400

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