EUR/CAD – 4H – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline downwards

The bearish trend downwards to the next support line at 1.55730 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.58180 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Three Inside Down’ candle pattern is detected. The chart forms ‘Three Inside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

1.56811 – 1.57071 – 1.57216 – 1.55730 – 1.55350 – 1.55775

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