EUR/CAD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 1.59283 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.60342 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Collapsing Doji Star’ candlestick pattern is existing. The candles show ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

1.60342 – 1.60486 – 1.60428 – 1.59283 – 1.60261 – 1.60168

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Collapsing Doji Star –