EUR/CAD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 1.61831 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 1.6002 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair could go up.

Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

Then a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.60566 – 1.60287 – 1.59535 – 1.6002 – 1.59055 – 1.59029 —
1.60246 – 1.60599 —
52.867554853375 – 63.657877886118 —
– —
1.60566 – 1778176800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Up – – – – – – – – –