EUR/CAD – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 1.59029 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.59535 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Inside Down’ candlestick chart pattern is existing. The chart shows ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.59535 – 1.59881 – 1.60034 – 1.59029 – 1.5922 – 1.59158 —
1.59191 – 1.59365 —
41.755878448133 – 56.201909101969 —
– —
1.59535 – 1777910400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Inside Down – – – – – – – – –