EUR/CAD – 30M – SELL

There is also a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The pair is likely to go down.

The pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 1.56711 is likely expected.

Caution: A possible change in the direction of resistance at 1.57086 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

There is also a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.57086 – 1.57324 – 1.57278 – 1.56711 – 1.56746 – 1.56620

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji