EUR/CAD – 4H – SELL

The pair Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 1.56444 is certain.

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

Also there is a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The 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%.

1.61701 – 1.61662 – 1.61722 – 1.58357 – 1.61205 – 1.60839 —
1.58682 – 1.58292 —
31.148650343018 – 26.64386768209 —
– —
1.61701 – 1772121600

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