EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 1.59283 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.60342 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Collapsing Doji Star’ candlestick chart pattern is detected. The chart forms ‘Collapsing Doji Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

1.60342 – 1.60486 – 1.60428 – 1.59283 – 1.60261 – 1.60168

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Collapsing Doji Star –