EUR/CAD – 30M – SELL

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

A continuation of the downtrend down to the next support line at 1.59283 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.60342 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Then a ‘Collapsing Doji Star’ candlestick chart pattern is existing. The chart shows ‘Collapsing Doji Star’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

1.60342 – 1.60486 – 1.60428 – 1.59283 – 1.60261 – 1.60168

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Collapsing Doji Star –