EUR/CAD – 30M – BUY

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

A bullish trend upwards to the next resistance line at 1.60271 is considered certain.

Caution: A possible counter-trend in the direction of the support line at 1.59889 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ” indicator signal is existing. The indicator is ”. which is often a bullish signal. The pair is likely to go up.

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Then a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.

Then a ‘Bearish SBS White Lines’ candlestick pattern is discovered. The candles show ‘Bearish SBS White Lines’. this is a bearish chart scenario. 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).

1.60271 – 1.60382 – 1.60235 – 1.59889 – 1.59929 – 1.59916 —
1.60174 – 1.59863 —
44.61539296081 – 27.446918253879 —
– —
1.60271 – 1777273200

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