EUR/CAD – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

A descending movement downwards to the next support at will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.61646 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.61302798 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 1.61646 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.61646 – 1.61612 – 1.61662 – 1.61263 – 1.61205 – 1.61294 —
1.61461 – 1.61701 —
42.610783544709 – 47.767656268786 —
– —
1.61646 – 1772046000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –