EUR/CAD – 30M – SELL

And also a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.569015 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 1.57601 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The candles form ‘Bearish Belt Hold’. 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 likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.57601 – 1.57017 – 1.57467 – 1.56543 – 1.56619 – 1.56202 —
1.57449 – 1.57367 —
62.84592741149 – 50.942726145245 —
– —
1.57601 – 1773698400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Belt Hold – – – – – – – – –