EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 1.60463 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.60802 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bearish Belt Hold’ candle pattern is existing. The chart forms ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.60802 – 1.6127 – 1.61755 – 1.60463 – 1.60489 – 1.605 —
1.60713 – 1.61061 —
54.564847472006 – 64.737213560734 —
– —
1.60802 – 1784106000

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