EUR/CAD – 30M – BUYThe pair jumps from the bullish trendline downwards
A descent down to the next support line at 1.50119 will continue.
Caution: A possible counter-trend in the direction of resistance at 1.50436 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.5028142 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 1.50436 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50436 |
| Current Price | 1.50202 |
| Next Low | 1.50119 |
| 2nd Low | 1.49861 |
| 3rd Low | 1.49781 |