EUR/CAD – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 1.62204 will continue.

Caution: A possible counter-trend in the direction of support at 1.61607 should be noted.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

1.62204 – 1.61995 – 1.61755 – 1.61607 – 1.60746 – 1.60684 —
1.62138 – 1.62166 —
66.879433577996 – 59.254241461801 —
– —
1.62204 – 1781485200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –