EUR/CAD – 4H – SELL

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

The bearish trend down to the next support at 1.61066 will persist.

Caution: A possible counter-trend in the direction of resistance at 1.62259 could be enabled.
Consider stop-loss settings accordingly.

And also a ” indicator signal is detected. The indicator shows ”. which is often a bearish chart signal. The currency pair could go down.

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

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.61904402 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 1.62259 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.62259 – 1.62103 – 1.61355 – 1.61066 – 1.61434 – 1.60602 —
1.61628 – 1.62210 —
49.59659632884 – 70.019848757724 —
– —
1.62259 – 1768204800

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