EUR/CAD – 1H – SELL

Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.59158 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.60034 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.60034 – 1.60311 – 1.60271 – 1.59158 – 1.59492 – 1.59386 —
1.59278 – 1.59408 —
27.295693101733 – 38.977985056964 —
1.59158 – 1777604400 —
1.60034 – 1777557600

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