EUR/CAD – 1H – SELL

The pair Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support at 1.47110 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.48896 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.47492204 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.48896 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download EUR/CAD Signal Image

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows