EUR/CAD – 1H – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline downwards

A descent down to the next support line at 1.57176 is certain.

Caution: A possible counter-trend in the direction of resistance at 1.58265 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.58265 – 1.58177 – 1.57601 – 1.57176 – 1.5718 – 1.57037 —
1.58998 – 1.58996 —
79.613521975075 – 65.111617184246 —
– —
1.58265 – 1773824400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –