EUR/CAD – 30M – BUY

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

An ascending movement up to the next resistance level at 1.62364 is likely expected.

Caution: A possible trend reversal in the direction of support at 1.61603 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. which is a positive pattern 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’ heading up is 82%.

1.62364 – 1.62284 – 1.62291 – 1.61603 – 1.61643 – 1.61993 —
1.62164 – 1.62137 —
53.222872964361 – 51.4495776389 —
– —
1.62364 – 1783011600

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