EUR/CAD – 30M – BUY

The combination Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline upwards

A continuation of the uptrend up to the next resistance at 1.60566 will persist.

Caution: A possible counter-trend in the direction of the support zone at 1.6002 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Moreover a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

1.60566 – 1.60433 – 1.60286 – 1.6002 – 1.60156 – 1.60022 —
1.60211 – 1.60369 —
47.675148074838 – 62.270795841213 —
– —
1.60566 – 1778176800

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