EUR/CAD – 30M – SELL

Then a ‘Double bottom retreat down’ chart pattern is detected. The chart picture shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to fall.

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

The bearish trend down to the next support line at 1.61327 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 1.61783 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Evening Star’ candlestick chart pattern is discovered. The candles form ‘Evening Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Evening Star’ going down is 72% (Bull & Bear Market).

1.61608 – 1.61783 – 1.61278 – 1.61327 – 1.61049 – 1.61042 —
1.61673 – 1.61639 —
60.868636428102 – 58.020580287421 —
– —
1.61608 – 1770971400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Evening Star – Double bottom retreat down – – – – – – – –