EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.

A continuation of the upward movement upwards to the next resistance line at is certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.6169 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.62517 – 1.62434 – 1.62565 – 1.6169 – 1.61956 – 1.62117 — 71.080644118525 – 72.441649351046 — 90.317126778253 – 83.894886843948 – 96.247181641846 – 91.141407565282

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