EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support at 1.61776 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.63936 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘Last Engulfing Bottom:’ chart pattern is existing. The chart forms ‘Last Engulfing Bottom:’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

1.63936 – 1.63342 – 1.63173 – 1.61776 – 1.62597 – 1.62744 —
1.62135 – 1.62068 —
33.39220361294 – 36.365827770197 —
– —
1.63936 – 1769553000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Last Engulfing Bottom: – – – – – – – – –