EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline down.

A bearish descent down to the next support level at 1.6045 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.61119 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Tweezers Top’ candle chart pattern is found. The candles show ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.61119 – 1.60924 – 1.61027 – 1.6045 – 1.60434 – 1.60464 —
1.60984 – 1.61136 —
55.809145035418 – 63.650932502478 —
– —
1.61119 – 1775565000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Tweezers Top – Symmetrical Triangle Chart Pattern – – – – – – – –