EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline downwards
A bearish trend downwards to the next support line at 1.49646 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.51400 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.51696 |
| Next High | 1.51400 |
| Current Price | 1.50132 |
| Next Low | 1.49646 |
| 2nd Low | 1.49301 |
| 3rd Low | 1.49205 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows