EUR/CAD – 30M – SELL

Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.62498 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.63095 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.63095 – 1.62912 – 1.62861 – 1.62769 – 1.62498 – 1.62613 —
1.62986 – 1.62741 —
58.08538355505 – 34.315615180912 —
– —
1.63095 – 1763445600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Double bottom chart pattern – – – –