EUR/CAD – 1H – BUY

Next a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.62364 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 1.62364 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The 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%.

1.62364 – 1.6236 – 1.62064 – 1.61603 – 1.61993 – 1.61442 —
1.62168 – 1.62131 —
55.657743407322 – 54.023360598888 —
– —
1.62364 – 1783011600

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