EUR/CAD – 30M – SELL

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

The bearish trend downwards to the next support level at 1.62079 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.63095 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.

And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.62498 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.63095 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.63095 – 1.62912 – 1.62861 – 1.62769 – 1.62498 – 1.62613 —
1.62588 – 1.62680 —
29.789917758302 – 43.494357042437 —
– —
1.63095 – 1763445600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – –