EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.

A bullish ascent upwards to the next resistance level at 1.61761 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 1.61327 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘StochRSI Hidden Bullish Divergence’. In der Regel bedeutet das ein positives chart scenario. Das Paar tendiert eventuell nach oben.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 1.61783 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.61761 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

1.61761 – 1.61608 – 1.61783 – 1.61327 – 1.61049 – 1.61042 —
1.61634 – 1.61587 —
50.219448951222 – 53.596193240474 —
– —
1.61761 – 1770996600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –