EUR/CAD – 4H – SELL

The combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline downwards

The bearish trend downwards to the next support line at 1.56118 is considered certain.

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

Then a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which 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 – 1.56118 – 1.58357 – 1.61205 —
1.58105 – 1.57798 —
48.009985008904 – 46.174147179749 —
– —
1.61701 – 1772121600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –