EUR/CAD – 1H – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline up.

A continuation of the uptrend upwards to the next resistance at 1.62918 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 1.62036 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Then a ‘Three White Soldiers’ chart pattern is existing. 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 likelyhood of ‘Three White Soldiers’ heading up is 82%.

1.62918 – 1.62068 – 1.62623 – 1.62036 – 1.61423 – 1.61473 —
1.63051 – 1.63109 —
61.55100263934 – 55.809352218339 —
– —
1.62918 – 1769385900

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – Double bottom chart pattern – – – – – – – –