EUR/CAD – 1H – BUY

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

The bullish trend up to the next resistance level at 1.58798 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.56118 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

1.58798 – 1.59276 – 1.60421 – 1.56118 – 1.58123 – 1.58436 —
1.56255 – 1.56597 —
15.240271846934 – 34.734958724115 —
– —
1.58798 – 1772737200

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