EUR/CAD – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish trend downwards to the next support level at 1.61607 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.61995 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

There is also a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two 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 probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.61995 – 1.61755 – 1.61121 – 1.61607 – 1.60746 – 1.60684 —
1.61995 – 1.61808 —
76.336354349476 – 54.961642564971 —
1.61995 – 1781267400 —
– 1781267400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Two Crows – Rising Wedge Chart Pattern – – – – – – – –