EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline downwards

A bearish descent downwards to the next support line at 1.61185 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 1.62069 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘%K cross below 0.8’ indicator layout is detected. The indicator is ‘%K cross below 0.8’. which is often a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.61666 – 1.61535 – 1.61426 – 1.61185 – 1.61046 – 1.60743 —
1.62049 – 1.62057 —
71.00031646322 – 57.548563072294 —
– —
1.61666 – 1767758400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Double top chart pattern – – – – – – – –