EUR/CAD – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 1.58123 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.58798 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.58798 – 1.59276 – 1.60421 – 1.58123 – 1.58436 – 1.58357 —
1.57866 – 1.56812 —
28.107283112924 – 16.467008662555 —
– —
1.58798 – 1772737200

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