EUR/CAD – 30M – SELL

Besides a ‘Double top chart pattern’ chart layout is existing. The chart shows ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline down.

A continuation of the bearish trend down to the next support at will continue.

Caution: A possible change in the direction of the resistance line at 1.61612 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

Besides a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.61612 – 1.6155 – 1.61566 – 1.61373 – 1.61294 – 1.61358 —
1.61536 – 1.61437 —
49.381268973624 – 45.598317905181 —
– —
1.61612 – 1771950600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – Double top chart pattern – – – – – – – –