EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at will continue.
Caution: A possible change in the direction of resistance at 1.47413 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 1.46102 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.47413 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.48422 |
| 2nd High | 1.48032 |
| Next High | 1.47413 |
| Current Price | 1.45787 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows