EUR/CAD – 1H – BUY

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

An ascending movement upwards to the next resistance at 1.57175 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 1.56663 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish SBS White Lines’ chart pattern is existing. The chart forms ‘Bearish SBS White Lines’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.57175 – 1.57937 – 1.58343 – 1.56663 – 1.5751 – 1.56118 —
1.57175 – 1.56991 —
47.091075454359 – 39.805423491962 —
1.57175 – 1773324000 —
– 1773324000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish SBS White Lines – – – – – – – – –