EUR/CAD – 4H – BUY

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

A bullish trend up to the next resistance level at 1.58343 is certain.

Caution: A possible change in the direction of the support level at 1.56202 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

1.58343 – 1.61701 – 1.61662 – 1.56202 – 1.56118 – 1.58357 —
1.56984 – 1.57242 —
32.52863621276 – 48.374965395263 —
1.56202 – 1773388800 —
1.58343 – 1773172800

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