EUR/CAD – 1H – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 1.6175 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.62804 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

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

1.62804 – 1.62691 – 1.62334 – 1.6175 – 1.61791 – 1.61831 —
1.62356 – 1.62290 —
46.198106058871 – 47.666154324896 —
– —
1.62804 – 1763719200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom retreat down – – – – – – – –