EUR/CAD – 30M – SELL

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

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Current target is 1.6236156 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 1.62567 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.62567 – 1.62432 – 1.62204 – 1.62339 – 1.62241 – 1.62034 —
1.62522 – 1.62549 —
58.242236766767 – 60.803456293011 —
– —
1.62567 – 1781625600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Two Crows – – – – – – – – –