EUR/CAD – 4H – SELL

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

The bearish trend down to the next support line at 1.49090 is considered certain.

Caution: A possible change in the direction of the resistance level at 1.50115 could occur.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Download EUR/CAD Signal Image

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down