EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline upwards

A continuation of the upward movement up to the next resistance level at 1.61230 is expected.

Caution: A possible counter-trend in the direction of support at 1.59283 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.6123 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 1.61230 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.61230 – 1.60486 – 1.61086 – 1.59283 – 1.60168 – 1.60146 — 50.173985580015 – 54.213688898828 — 6.8544007262941 – 21.703947119899 – 2.284800242098 – 9.5194492820643

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Triple top chart pattern – –