EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline downwards
A bearish trend downwards to the next support at 1.49108 is expected.
Caution: A possible change in the direction of the resistance level at 1.50378 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candle chart pattern is found. The candles form ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50590 |
| 2nd High | 1.50501 |
| Next High | 1.50378 |
| Current Price | 1.49308 |
| Next Low | 1.49108 |
| 2nd Low | 1.49090 |
| 3rd Low | 1.48752 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers