EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 1.59283 is considered certain.

Caution: A possible change in the direction of resistance at 1.60342 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘Collapsing Doji Star’ candlestick chart pattern is found. The candles form ‘Collapsing Doji Star’. 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 likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

1.60342 – 1.60486 – 1.60428 – 1.59283 – 1.60261 – 1.60168 — 56.899026025821 – 50.91135926601 — 8.7184587184587 – 8.7184587184587 – 17.680939120939 – 11.585441233441

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