EUR/CAD – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance at 1.61487 is expected.

Caution: A possible counter-trend in the direction of the support line at 1.60641 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘Three Outside Up’ candlestick pattern is discovered. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.61198 – 1.61062 – 1.61221 – 1.60641 – 1.60642 – 1.60423 —
1.61224 – 1.61264 —
68.963654612522 – 68.85150494497 —
– —
1.61198 – 1780327800

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