EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 1.46340 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.45355 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three White Soldiers’ chart 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.47413 |
| 2nd High | 1.46554 |
| Next High | 1.46340 |
| Current Price | 1.46379 |
| Next Low | 1.45355 |
| 2nd Low | 1.44868 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers