EUR/CAD – 1H – SELL

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

A bearish descent downwards to the next support line at 1.60627 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 1.61308 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.61308 – 1.61294 – 1.61242 – 1.60627 – 1.60717 – 1.60602 —
1.61406 – 1.61535 —
64.066667963126 – 69.687906111611 —
– —
1.61308 – 1767376800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – – – – – – – – –