EUR/CAD – 1H – SELL

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

The bearish trend down to the next support level at 1.58436 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.59276 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative signal. The currency pair could go down.

Also there is a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.

1.59276 – 1.60421 – 1.61566 – 1.58436 – 1.58357 – 1.61229 —
1.58911 – 1.58646 —
37.981864777699 – 36.527210483448 —
– —
1.59276 – 1772640000

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