EUR/CAD – 30M – BUY

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

A continuation of the bullish trend up to the next resistance at 1.62125 will continue.

Caution: A possible trend reversal in the direction of the support line at 1.61607 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish SBS White Lines’ chart pattern is found. The chart forms ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.61755 – 1.61121 – 1.6138 – 1.61607 – 1.60746 – 1.60684 —
1.61738 – 1.61962 —
63.76703171689 – 63.395868549122 —
– —
1.61755 – 1781227800

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