EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support line at 1.57632 is likely expected.

Caution: A possible change in the direction of resistance at 1.58798 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Last Engulfing Bottom:’ candlestick pattern is existing. The candles show ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

1.58798 – 1.58682 – 1.59276 – 1.57632 – 1.58123 – 1.58535 —
1.57861 – 1.57814 —
29.086812792927 – 32.536149414843 —
– —
1.58798 – 1772739000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Last Engulfing Bottom: – – – – – – – – –