EUR/CAD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 1.59283 is expected.

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

There is also a ‘StochRSI fall below 80’ indicator layout is detected. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

There is also a ‘Collapsing Doji Star’ candlestick pattern is found. The candles show ‘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 probability of ‘Collapsing Doji Star’ going 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 – – –