EUR/CAD – 30M – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

A descending movement downwards to the next support line at will continue.

Caution: A possible trend reversal in the direction of the resistance line at 1.61267 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Three Outside Down’ candle chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.61267 – 1.61294 – 1.61235 – 1.60627 – 1.60717 – 1.60602 —
1.60998 – 1.60945 —
58.872157029764 – 49.812822430656 —
– —
1.61267 – 1767331800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –