EUR/CAD – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline down.

A continuation of the downtrend down to the next support at 1.56912 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.57757 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.57757 – 1.57324 – 1.57886 – 1.56912 – 1.56444 – 1.56620

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji