EUR/CAD – 4H – SELL

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

A continuation of the downtrend down to the next support line at 1.60602 is likely expected.

Caution: A possible change in the direction of resistance at 1.61355 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Southern Doji’ candle chart pattern is found. The candles show ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.61355 – 1.61791 – 1.62146 – 1.60602 – 1.61298 – 1.61281 —
1.61402 – 1.61666 —
59.59565578694 – 60.013151720999 —
– —
1.61355 – 1767024000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Southern Doji – – – – – – – – –