EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline downwards

The bearish trend downwards to the next support line at 1.60625 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.60970 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.60970 – 1.60631 – 1.60539 – 1.60625 – 1.60146 – 1.59976

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern