EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline downwards

The bearish trend down to the next support line at is considered certain.

Caution: A possible counter-trend in the direction of resistance at 1.60913 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Then a ‘Last Engulfing Top’ candle pattern is detected. The chart shows ‘Last Engulfing Top’. this 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 chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

1.60913 – 1.60640 – 1.59603 – 1.60104 – 1.59422 – 1.59373

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Last Engulfing Top –