EUR/CAD – 30M – SELL

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.59517492 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 1.60049 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ chart pattern is existing. The candles form ‘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’ going down is 82%.

1.60049 – 1.60129 – 1.59935 – 1.59351 – 1.59603 – 1.59379 —
1.59904 – 1.59784 —
63.383924547898 – 54.584988912879 —
– —
1.60049 – 1774861200

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