EUR/CAD – 1H – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards

A bullish trend up to the next resistance level at 1.61027 is likely expected.

Caution: A possible change in the direction of support at 1.60434 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish SBS White Lines’ chart pattern is found. The chart forms ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.61027 – 1.60817 – 1.60894 – 1.60434 – 1.60219 – 1.59351 —
1.61027 – 1.60924 —
71.082806007812 – 46.392838684318 —
1.61027 – 1775469600 —
– 1775469600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish SBS White Lines – – – – – – – – –