EUR/CAD – 1H – SELL

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

A descent downwards to the next support at 1.57176 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.59296 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Southern Doji’ candlestick chart pattern is existing. The chart shows ‘Southern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.59296 – 1.58265 – 1.58177 – 1.57176 – 1.5718 – 1.57037 —
1.58724 – 1.58768 —
60.996945349881 – 53.034308596512 —
– —
1.59296 – 1773968400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Southern Doji – – – – – – – – –