EUR/CAD – 1H – SELL

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

A bearish descent down to the next support line at 1.62465 will continue.

Caution: A possible change in the direction of the resistance zone at 1.6334 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Inside Down’ candle chart pattern is discovered. The chart shows ‘Three Inside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.6334 – 1.62906 – 1.62804 – 1.62465 – 1.62094 – 1.6175 —
1.63254 – 1.63109 —
70.410264469391 – 60.472090689558 —
– —
1.63340 – 1764086400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Inside Down – – – – – – – – –