EUR/CAD – 30M – SELL

Additionally a ” indicator signal is existing. The indicator shows ”. which could be a negative chart signal. The pair is likely to go down.

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Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1.59654 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 1.60271 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.60271 – 1.60382 – 1.60235 – 1.59889 – 1.59929 – 1.59916 —
1.60136 – 1.59865 —
46.577030996105 – 34.357447234597 —
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1.60271 – 1777273200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – – – – – – – – –