EUR/CAD – 30M – SELL

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

A continuation of the downtrend down to the next support at 1.59283 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 1.60342 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Collapsing Doji Star’ candlestick pattern is discovered. The chart shows ‘Collapsing Doji Star’. 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 ‘Collapsing Doji Star’ going down is 63% (Bull Market).

1.60342 – 1.60486 – 1.60428 – 1.59283 – 1.60261 – 1.60168 — 56.899026025821 – 50.91135926601 — 29.02 – 0

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