EUR/CAD – 4H – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline downwards

The bearish trend down to the next support line at 1.61738 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 1.6334 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.6334 – 1.63406 – 1.62557 – 1.61738 – 1.61926 – 1.61389 —
1.63254 – 1.62941 —
63.892151943286 – 56.002656098504 —
– —
1.63340 – 1764086400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –