EUR/CAD – 4H – SELL

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

A continuation of the downward movement downwards to the next support at 1.58357 is considered certain.

Caution: A possible change in the direction of the resistance line at 1.61701 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Falling Window’ candle chart pattern is found. The candles form ‘Falling Window’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

1.61701 – 1.61662 – 1.61722 – 1.58357 – 1.61205 – 1.60839 —
1.58682 – 1.58127 —
27.502474279274 – 26.433190873952 —
– —
1.61701 – 1772121600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Falling Window – – – – – – – – –