EUR/CAD – 1H – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline down.

A bearish trend down to the next support at 1.60746 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 1.61995 could happen.
Consider stop-loss settings accordingly.

Then a ‘Two Crows’ candlestick chart pattern is found. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.61995 – 1.61121 – 1.6138 – 1.60746 – 1.60684 – 1.60847 —
1.61778 – 1.62181 —
51.693717899967 – 69.71486054078 —
– —
1.61995 – 1781265600

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