EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline down.
A descent down to the next support line at 1.49090 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 1.49943 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candlestick pattern is found. The candles show ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50179 |
| 2nd High | 1.50115 |
| Next High | 1.49943 |
| Current Price | 1.49271 |
| Next Low | 1.49090 |
| 2nd Low | 1.48752 |
| 3rd Low | 1.48347 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers