Buy EUR/CAD – 4H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.57401 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 1.57401 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Support & Resistance Price Range*
3rd High
2nd High 1.58565
Next High 1.57401
Current Price 1.57379
Next Low 1.53824
2nd Low 1.53262
3rd Low 1.49746

1.57401 – 1.55858 – 1.56715 – 1.53824 – 1.53262 – 1.55638

Download EUR/CAD Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals