EUR/CAD – 4H – SELL

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.60742 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 1.62013 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Southern Doji’ candlestick pattern is detected. The candles form ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.62013 – 1.63936 – 1.62623 – 1.61016 – 1.61055 – 1.60742 —
1.61330 – 1.61646 —
41.751596175479 – 49.909032347399 —
1.61016 – 1770393600 —
1.62013 – 1770019200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Southern Doji – Double bottom retreat down – – – – – – – –