EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 1.57689 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 1.56663 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. 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 probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.58343 |
| 2nd High | 1.57937 |
| Next High | 1.57689 |
| Current Price | 1.56892 |
| Next Low | 1.56663 |
| 2nd Low | 1.56118 |
| 3rd Low | 1.55998 |
1.57689 – 1.57937 – 1.58343 – 1.56663 – 1.57033 – 1.57242 —
1.57083 – 1.56821 —
56.870545851929 – 41.286674538328 —
– —
1.57689 – 1773248400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –