EUR/CAD – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.576325 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.58093 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Then a ‘Double top chart pattern’ chart pattern is existing. The formation shows ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

Then a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

1.58093 – 1.58180 – 1.57790 – 1.57365 – 1.57215 – 1.57202

Download EUR/CAD Signal Image

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji