EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 1.62918 is certain.
Caution: A possible trend reversal in the direction of support at 1.62036 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three White Soldiers’ chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63176 |
| 2nd High | 1.63174 |
| Next High | 1.62918 |
| Current Price | 1.62595 |
| Next Low | 1.62036 |
| 2nd Low | 1.61473 |
| 3rd Low | 1.61432 |
1.62918 – 1.62068 – 1.62066 – 1.62036 – 1.61473 – 1.61432 —
1.62243 – 1.62468 —
50.579656912056 – 61.740927116091 —
– —
1.62918 – 1769387400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – Double bottom chart pattern – – – – – – – –