EUR/CAD – 1H – SELL

And also a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.61341 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.61642 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bearish Harami’ candle chart pattern is found. The candles show ‘Bearish Harami’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

1.61642 – 1.61761 – 1.61783 – 1.61379 – 1.61327 – 1.60899 —
1.61614 – 1.61527 —
50.937998463109 – 45.778477406191 —
– —
1.61642 – 1771246800

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