EUR/CAD – 30M – SELL

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

The bearish trend downwards to the next support line at 1.61016 is likely expected.

Caution: A possible change in the direction of the resistance level at 1.61581 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Southern Doji’ candle pattern is found. The candles show ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.61581 – 1.61615 – 1.61556 – 1.61016 – 1.61113 – 1.61167 —
1.61829 – 1.61913 —
74.091421546574 – 66.240310297043 —
– —
1.61581 – 1770602400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Southern Doji – Double top chart pattern – – – – – – – –