EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 1.5902 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.60034 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 1.59386 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.60034 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.60034 – 1.59781 – 1.60207 – 1.59492 – 1.59617 – 1.59386 —
1.59598 – 1.59372 —
35.773642417298 – 32.744279574919 —
– —
1.60034 – 1777559400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Two Crows – – – – – – – – –