EUR/CAD – 4H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.

A bullish movement up to the next resistance line at 1.61662 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.61205 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair could go up.

Then a ‘RSI Hidden Bullish Divergence’ indicator signal is detected. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive signal. The currency pair could go up.

Then a ‘MACD Hidden Bullish Divergence’ indicator signal is detected. The indicator is ‘MACD Hidden Bullish Divergence’. this is usually a bullish signal. The pair is likely to go up.

Then a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is detected. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive signal. The currency pair could go up.

Then a ‘Three Outside Up’ candlestick pattern is existing. The candles show ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.61662 – 1.61722 – 1.61783 – 1.61205 – 1.60839 – 1.60899 —
1.61588 – 1.61425 —
53.080349295801 – 46.291940055094 —
– —
1.61662 – 1771833600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Up – Double bottom chart pattern – – – – – – – –