EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.48445 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.47783 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.48445 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49907 |
| 2nd High | 1.49263 |
| Next High | 1.48445 |
| Current Price | 1.47645 |
| Next Low | |
| 2nd Low | |
| 3rd Low |