EUR/CAD – 30M – SELL

Next a ‘Double top chart pattern’ chart formation is found. The formation shows ‘Double top chart pattern’. this is a bearish chart scenario. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.61203968 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.61615 could happen.
Consider stop-loss settings accordingly.

1.61615 – 1.61556 – 1.61549 – 1.61113 – 1.61167 – 1.6118 —
1.61462 – 1.61289 —
49.163121242371 – 43.036332936921 —
– —
1.61615 – 1770361200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double top chart pattern – – – – – – – –