EUR/CAD – 1H – SELL

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.6133 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.61711 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Evening Star’ candlestick chart pattern is existing. The candles show ‘Evening Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Evening Star’ heading down is 72% (Bull & Bear Market).

1.61711 – 1.61722 – 1.61642 – 1.61364 – 1.61379 – 1.61327 —
1.61436 – 1.61530 —
38.727558972307 – 51.60584640761 —
– —
1.61711 – 1771405200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Evening Star – Double bottom chart pattern – – – – – – – –