EUR/CAD – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 1.59283 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.60342 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Collapsing Doji Star’ chart pattern is found. The chart forms ‘Collapsing Doji Star’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

1.60342 – 1.60486 – 1.60428 – 1.59283 – 1.60261 – 1.60168 — 56.899026025821 – 50.91135926601

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