EUR/CAD – 1H – SELL

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

A bearish movement downwards to the next support at 1.60627 is certain.

Caution: A possible change in the direction of the resistance zone at 1.61308 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.61308 – 1.61294 – 1.61242 – 1.60627 – 1.60717 – 1.60602 —
1.61400 – 1.61515 —
62.830492032904 – 61.270392848718 —
– —
1.61308 – 1767376800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double top chart pattern – – – – – – – –