EUR/CAD – 1H – SELL

The combination Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline downwards

A bearish movement down to the next support level at 1.62498 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.63378 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.63378 – 1.62557 – 1.63101 – 1.62498 – 1.62079 – 1.61926 —
1.62912 – 1.62986 —
53.073607053602 – 56.429124323577 —
– —
1.63378 – 1763132400

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