EUR/CAD – 4H – SELL

And also a ‘Double top retreat up’ chart layout is discovered. The formation shows ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to rise.

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline downwards

A bearish descent downwards to the next support at 1.61434 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.62259 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The currency pair is likely to rise.

And also a ‘Bullish Meeting Lines’ candlestick chart pattern is found. The chart shows ‘Bullish Meeting Lines’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Meeting Lines’ heading up is 56% (Bull Market) & 52% (Bear Market).

1.62259 – 1.62103 – 1.61355 – 1.61434 – 1.60602 – 1.61298 —
1.61818 – 1.61565 —
38.583096817835 – 46.376172722043 —
– —
1.62259 – 1768204800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Meeting Lines – Double top retreat up – – – – – – – –