EUR/CAD – 30M – SELL

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

A bearish trend down to the next support level at 1.58535 is expected.

Caution: A possible change in the direction of the resistance line at 1.59276 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern 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%.

1.59276 – 1.58882 – 1.60421 – 1.58535 – 1.58436 – 1.58533 —
1.58729 – 1.58636 —
43.629675264056 – 37.306260832488 —
– —
1.59276 – 1772640000

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