EUR/CAD – 4H – SELL

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

A bearish descent down to the next support at 1.61066 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.62623 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.62623 – 1.62259 – 1.62103 – 1.61066 – 1.61434 – 1.60602 —
1.62043 – 1.62918 —
60.332736945459 – 63.380382105503 —
– —
1.62623 – 1768910400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –