EUR/CAD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.50060652 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 1.50115 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Tri-Star’ candlestick chart pattern is detected. The candles show ‘Bullish Tri-Star’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50590 |
| 2nd High | 1.50179 |
| Next High | 1.50115 |
| Current Price | 1.49529 |
| Next Low | 1.48752 |
| 2nd Low | 1.48347 |
| 3rd Low | 1.48205 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Tri-Star