EUR/CAD – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 1.57632 will persist.

Caution: A possible change in the direction of resistance at 1.58798 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Inside Down’ candle chart pattern is discovered. The candles form ‘Three Inside Down’. 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 Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.58798 – 1.58682 – 1.59276 – 1.57632 – 1.58123 – 1.58535 —
1.57882 – 1.57667 —
35.876938961663 – 37.039735284212 —
– —
1.58798 – 1772739000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Inside Down – – – – – – – – –