EUR/CAD – 1H – SELL

There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.61341 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 1.61761 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Collapsing Doji Star’ candlestick pattern is found. The candles form ‘Collapsing Doji Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

1.61761 – 1.61783 – 1.61468 – 1.61327 – 1.60899 – 1.60978 —
1.61554 – 1.61577 —
50.201681994781 – 53.638449991389 —
– —
1.61761 – 1770994800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Collapsing Doji Star – Double top retreat up – – – – – – – –