EUR/CAD – 30M – BUY

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

A continuation of the upward movement up to the next resistance at 1.61361 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 1.60884 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

And also a ‘Latter Bottom’ candle chart pattern is existing. The candles show ‘Latter Bottom’. which is a positive pattern 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 ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).

1.61361 – 1.61813 – 1.61722 – 1.60884 – 1.60647 – 1.60135 — 36.688397532155 – 45.521844803595 — 0 – 33.333333333333 – 13.972154988725 – 15.785907859079

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Latter Bottom – – –