EUR/CAD – 30M – BUYThe combination moves from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 1.51440 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 1.49713 is also possible.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51619 |
| 2nd High | 1.51506 |
| Next High | 1.51440 |
| Current Price | 1.51443 |
| Next Low | 1.49713 |
| 2nd Low | 1.48862 |
| 3rd Low | 1.48603 |