EUR/CAD – 4H – BUY

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.61766 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.62477 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Rising Window’ candlestick chart pattern is discovered. The candles form ‘Rising Window’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Rising Window’ heading up is 75% (Bull Market) & 72% (Bear Market).

1.6138 – 1.61766 – 1.61326 – 1.60684 – 1.60359 – 1.60423 —
1.61388 – 1.61837 —
62.838875585585 – 63.394305531523 —
– —
1.6138 – 1781020800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Rising Window – – – – – – – – –