EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline down.

A bearish movement down to the next support level at 1.60796 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.61733 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.61733 – 1.61361 – 1.61813 – 1.60796 – 1.60884 – 1.60647 — 49.886664008148 – 48.599673156906 — 34.580547562704 – 20.738302350199 – 27.372255447412 – 28.242211596775

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Double top retreat up – –