EUR/CAD – 1H – BUY

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

A bullish trend upwards to the next resistance line at 1.58798 is considered certain.

Caution: A possible counter-trend in the direction of support at 1.56118 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency 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’ heading up is 82%.

1.58798 – 1.59276 – 1.60421 – 1.56118 – 1.58123 – 1.58436 —
1.56771 – 1.57192 —
32.471864468657 – 51.86712661324 —
– —
1.58798 – 1772737200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –