EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 1.58123 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.58798 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.58798 – 1.58682 – 1.59276 – 1.58123 – 1.58535 – 1.58436 —
1.58605 – 1.58237 —
45.95846386033 – 24.818607927321 —
– —
1.58798 – 1772739000

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