EUR/CAD – 1H – SELL

The pair jumps from the descending trendline down.

A continuation of the downward movement down to the next support at is certain.

Caution: A possible change in the direction of the resistance level at 1.48440 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.48147 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.48440 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Download EUR/CAD Signal Image

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