EUR/CAD – 4H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline downwards
A descent down to the next support level at 1.48752 will persist.
Caution: A possible counter-trend in the direction of resistance at 1.50115 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51696 |
| 2nd High | 1.50590 |
| Next High | 1.50115 |
| Current Price | 1.49714 |
| Next Low | 1.48752 |
| 2nd Low | 1.48205 |
| 3rd Low | 1.47224 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers