EUR/CAD – 4H – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support level at 1.56444 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.61701 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K falls below 0.8’ indicator signal is found. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.61701 – 1.61662 – 1.61722 – 1.58357 – 1.61205 – 1.60839 —
1.58798 – 1.57866 —
38.942136693958 – 25.166034956961 —
– —
1.61701 – 1772121600

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