EUR/CAD – 1H – SELL

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

A continuation of the downward movement down to the next support line at 1.57512 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.58798 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Besides a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.58798 – 1.59276 – 1.60421 – 1.58123 – 1.58436 – 1.58357 —
1.58709 – 1.58292 —
54.458458503658 – 32.337589621804 —
– —
1.58798 – 1772737200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – – – – – – – – –