EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards

A bullish ascent up to the next resistance level at 1.6166 is expected.

Caution: A possible counter-trend in the direction of the support line at 1.60439 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bullish Belt Hold’ candle chart pattern is existing. The chart forms ‘Bullish Belt Hold’. 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 chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.61067 – 1.6166 – 1.61766 – 1.60439 – 1.60359 – 1.61382 —
1.61243 – 1.61035 —
66.22930752879 – 49.771268099687 —
– —
1.61067 – 1780941600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – – – – – – – – –