EUR/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.4989565 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 1.50115 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Evening Star’ candlestick chart pattern is discovered. The chart forms ‘Evening Star’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Evening Star’ going down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50308 |
| 2nd High | 1.50179 |
| Next High | 1.50115 |
| Current Price | 1.49995 |
| Next Low | 1.49090 |
| 2nd Low | 1.48752 |
| 3rd Low | 1.48347 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Evening Star