EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance at 1.60049 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.59351 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair could go up.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.60129 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.60049 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

1.60049 – 1.60129 – 1.59936 – 1.59351 – 1.59379 – 1.5946 —
1.59784 – 1.60118 —
53.290681433957 – 66.141400599486 —
– —
1.60049 – 1774861200

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