EUR/CAD – 30M – BUYThe combination breaks through the bearish trendline up.
A bullish movement upwards to the next resistance at 1.51653 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.50991 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51674 |
| Next High | 1.51653 |
| Current Price | 1.51605 |
| Next Low | 1.50991 |
| 2nd Low | 1.49713 |
| 3rd Low | 1.48862 |