EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline down.
A bearish descent downwards to the next support level at 1.47724 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.49263 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49996 |
| 2nd High | 1.49907 |
| Next High | 1.49263 |
| Current Price | 1.48329 |
| Next Low | 1.47724 |
| 2nd Low | 1.47110 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows