EUR/CAD – 1H – SELL

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

A bearish trend downwards to the next support at 1.62036 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.62918 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.62918 – 1.62068 – 1.62623 – 1.62036 – 1.61423 – 1.61473 —
1.63173 – 1.63280 —
68.073479447159 – 57.006734941412 —
– —
1.62918 – 1769385900

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – – – – – – – – –