EUR/CAD – 30M – BUY

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

A bullish trend upwards to the next resistance line at 1.60498 will continue.

Caution: A possible counter-trend in the direction of support at 1.59925 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Then a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The currency 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%.

1.60498 – 1.60872 – 1.61186 – 1.59925 – 1.60298 – 1.60238 —
1.59832 – 1.60013 —
23.247648340077 – 54.27407072831 —
– —
1.60498 – 1776848400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –