EUR/CAD – 30M – BUY

Also there is a ‘StochRSI Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘StochRSI Hidden Bullish Divergence’. In der Regel bedeutet das ein negatives chart scenario. Das Paar tendiert eventuell nach unten.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 1.615 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.61823 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Harami Cross’ candlestick pattern is found. The chart shows ‘Bearish Harami Cross’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).

1.61823 – 1.6174 – 1.61853 – 1.61184 – 1.61139 – 1.61126 —
1.61240 – 1.61277 —
38.581542828062 – 47.098259546758 —
1.61184 – 1768539600 —
1.61823 – 1768476600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Harami Cross – Head and Shoulder chart pattern – – – – – – – –