EUR/CAD – 1H – BUY

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.6166 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.6166 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish signal. 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’ going up is 82%.

1.61121 – 1.6138 – 1.61067 – 1.60746 – 1.60684 – 1.60847 —
1.61916 – 1.61731 —
71.517676282564 – 53.299396525696 —
– —
1.61121 – 1781082000

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