EUR/CAD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.60022 is likely expected.

Caution: A possible change in the direction of the resistance line at 1.60286 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Next a ‘Three Line Strike – Bearish’ candle pattern is detected. The chart forms ‘Three Line Strike – Bearish’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).

1.60286 – 1.60287 – 1.59455 – 1.60022 – 1.59156 – 1.59055 —
1.60306 – 1.60261 —
69.21427420985 – 60.102622676529 —
– —
1.60286 – 1778097600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Line Strike – Bearish – – – – – – – – –