EUR/CAD – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 1.59942 is certain.

Caution: A possible change in the direction of the resistance zone at 1.60679 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.60679 – 1.60736 – 1.61139 – 1.60412 – 1.60463 – 1.60489 —
1.60654 – 1.60447 —
44.840002565502 – 30.427208699327 —
– —
1.60679 – 1784278800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – – – – – – – – –