EUR/CAD – 30M – SELL

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

A descent down to the next support line at 1.60129 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.61155 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.60922 – 1.60819 – 1.60526 – 1.60129 – 1.60287 – 1.60262 — 54.516383585898 – 49.297075644482 — 44.727891156463 – 16.977480647431 – 55.736735815825 – 40.03389773219

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – – –