Sell EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline downwards

A continuation of the downtrend down to the next support level at 1.47687 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 1.48428 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Harami’ candle pattern is discovered. The candles form ‘Bearish Harami’. 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 success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Support & Resistance Price Range*
3rd High 1.48597
2nd High 1.48465
Next High 1.48428
Current Price 1.47831
Next Low 1.47687
2nd Low 1.47595
3rd Low 1.47371

Download EUR/CAD Signal Image

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