EUR/CAD – 4H – SELL

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.56118 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 1.58343 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Shooting Star’ chart pattern is existing. The chart shows ‘Shooting Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

1.58343 – 1.61701 – 1.61662 – 1.56202 – 1.56118 – 1.58357 —
1.57467 – 1.57601 —
47.005096328475 – 53.532731033318 —
– —
1.58343 – 1773172800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Shooting Star – – – – – – – – –