EUR/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.50475 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 1.51400 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candle chart pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.51696 |
| Next High | 1.51400 |
| Current Price | 1.50548 |
| Next Low | 1.50005 |
| 2nd Low | 1.49646 |
| 3rd Low | 1.49301 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers