EUR/CAD – 1H – BUY

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.62164038 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 1.62567 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.62567 – 1.62432 – 1.61995 – 1.62034 – 1.60746 – 1.60684 —
1.62540 – 1.62464 —
59.008873875079 – 46.059477296055 —
– —
1.62567 – 1781625600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – – – – – – – –