EUR/CAD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.61205 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.61566 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Harami’ candle pattern is existing. The candles form ‘Bearish Harami’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

1.61566 – 1.61701 – 1.61646 – 1.61229 – 1.61263 – 1.61205 —
1.61566 – 1.61221 —
53.109438239985 – 34.000645557525 —
1.61566 – 1772186400 —
– 1772186400

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