EUR/CAD – 1H – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.61556 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.61556 – 1.61549 – 1.61567 – 1.61113 – 1.61167 – 1.61055 —
1.61511 – 1.61514 —
57.290426486209 – 54.951444975388 —
– —
1.61556 – 1770289200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Double bottom chart pattern – – – – – – – –