EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline upwards

An ascending movement upwards to the next resistance at 1.61575 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 1.60914 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

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

1.61575 – 1.61711 – 1.61722 – 1.60914 – 1.61307 – 1.61425 —
1.61170 – 1.61114 —
40.874932444065 – 42.471088916555 —
– —
1.61575 – 1771488000

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