EUR/CAD – 1H – SELL

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

A bearish movement downwards to the next support level at 1.61229 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.61701 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.61205 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.61701 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.61701 – 1.61646 – 1.61612 – 1.61229 – 1.61263 – 1.61205 —
1.61373 – 1.61394 —
45.700705593749 – 43.148030468604 —
– —
1.61701 – 1772125200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –