EUR/CAD – 1H – SELL

The pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline down.

A descent down to the next support line at is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.61308 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.61308 – 1.61294 – 1.61242 – 1.60717 – 1.60602 – 1.60693 —
1.60874 – 1.61083 —
35.161005166481 – 50.043782845456 —
– —
1.61308 – 1767376800

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