EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 1.47767 is expected.
Caution: A possible change in the direction of the resistance level at 1.48032 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.48585 |
| 2nd High | 1.48422 |
| Next High | 1.48032 |
| Current Price | 1.47736 |
| Next Low | 1.47767 |
| 2nd Low | 1.47653 |
| 3rd Low | 1.47110 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows