EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at 1.5919 is expected.

Caution: A possible trend reversal in the direction of resistance at 1.59881 could occur.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.59158 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 1.59881 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Two Crows’ candle chart pattern is discovered. The chart forms ‘Two Crows’. 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.59881 – 1.60034 – 1.59781 – 1.5919 – 1.59158 – 1.59492 —
1.59327 – 1.59405 —
40.011024489934 – 48.929371965864 —
– —
1.59881 – 1777654800

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