EUR/CAD – 30M – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

A continuation of the downtrend down to the next support level at 1.61167 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.61556 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.61556 – 1.61549 – 1.61396 – 1.61167 – 1.6118 – 1.61077 —
1.61453 – 1.61421 —
55.454943117944 – 53.714369094734 —
– —
1.61556 – 1770289200

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