EUR/CAD – 30M – SELLThe combination goes from the ascending trendline downwards
The bearish trend down to the next support level at 1.49861 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.50233 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 1.49909444 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 1.50233 is also possible.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50233 |
| Current Price | 1.50212 |
| Next Low | 1.49861 |
| 2nd Low | 1.49781 |
| 3rd Low | 1.48862 |