EUR/CAD – 30M – SELL

Next a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.629025 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.6334 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.6334 – 1.62635 – 1.62394 – 1.62972 – 1.62522 – 1.62465 —
1.63102 – 1.63129 —
52.336933074952 – 54.780503436253 —
– —
1.63340 – 1764088200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – – – – – – – –