EUR/CAD – 4H – SELL

The pair Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support line at 1.61434 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.62103 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

1.62103 – 1.61355 – 1.61791 – 1.61434 – 1.60602 – 1.61298 —
1.62096 – 1.61959 —
66.567882766724 – 57.590875199054 —
– —
1.62103 – 1767873600

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