EUR/CAD – 4H – BUY

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.60753 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.60311 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Advance Block’ candle pattern is discovered. The candles show ‘Advance Block’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ going down is 64% (Bull Market) & 61% (Bear Market).

1.60311 – 1.60382 – 1.62477 – 1.59029 – 1.59158 – 1.59386 —
1.59229 – 1.59829 —
37.387736357538 – 60.483297271097 —
– —
1.60311 – 1777406400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Advance Block – – – – – – – – –