EUR/CAD – 30M – BUY

In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 1.62697 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 1.62697 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Up’ candle chart pattern is discovered. The candles form ‘Three Outside Up’. 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 probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.62697 – 1.62096 – 1.623 – 1.61609 – 1.61896 – 1.61838 —
1.62626 – 1.62489 —
57.608289209759 – 51.169283241402 —
– —
1.62697 – 1781904600

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