EUR/CAD – 30M – SELL

There is also a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative 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 downward movement down to the next support line at 1.61491 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.6163 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

There is also a ‘Three Line Strike – Bearish’ candlestick pattern is detected. The candles show ‘Three Line Strike – Bearish’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).

1.6163 – 1.61642 – 1.61754 – 1.61491 – 1.61379 – 1.61463 —
1.61569 – 1.61551 —
45.645205365308 – 48.130425965375 —
– —
1.6163 – 1771281000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Line Strike – Bearish – Symmetrical Triangle Chart Pattern – – – – – – – –