EUR/CAD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.60641 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 1.61766 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.61766 – 1.61326 – 1.61198 – 1.61382 – 1.60789 – 1.60713 —
1.61539 – 1.61169 —
59.118858567627 – 26.000509801395 —
– —
1.61766 – 1780585200

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