EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 1.48473 will persist.
Caution: A possible counter-trend in the direction of support at 1.47177 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.48896 |
| 2nd High | 1.48585 |
| Next High | 1.48473 |
| Current Price | 1.48465 |
| Next Low | 1.47177 |
| 2nd Low | 1.45943 |
| 3rd Low | 1.45355 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers