EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline downwards

A bearish descent downwards to the next support at 1.62674 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.62815 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘%K fall below 80’ indicator layout is discovered. The indicator is ‘%K fall below 80’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.62815 – 1.62873 – 1.62718 – 1.62674 – 1.62507 – 1.62457 —
1.63069 – 1.63147 —
75.966107844847 – 68.100284105701 —
– —
1.62815 – 1764819000

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