EUR/CAD – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.46971 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 1.48587 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. 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 | 1.49263 |
| 2nd High | 1.48896 |
| Next High | 1.48587 |
| Current Price | 1.47736 |
| Next Low | 1.47177 |
| 2nd Low | 1.45943 |
| 3rd Low | 1.45355 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows