EUR/CAD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.59754 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 1.60049 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bearish Harami’ candle chart pattern is detected. The chart shows ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

1.60049 – 1.60129 – 1.59935 – 1.59603 – 1.59379 – 1.59571 —
1.59925 – 1.59880 —
49.016476293907 – 46.534779077877 —
– —
1.60049 – 1774861200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Harami – – – – – – – – –