EUR/CAD – 4H – BUY

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

The bullish trend up to the next resistance line at 1.61487 is considered certain.

Caution: A possible change in the direction of the support level at 1.60423 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Then a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

1.61221 – 1.60858 – 1.60204 – 1.60423 – 1.60379 – 1.59385 —
1.60859 – 1.61117 —
52.405915715503 – 58.880232586869 —
– —
1.61221 – 1779984000

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