EUR/CAD – 30M – SELL

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

The bearish trend down to the next support at 1.59603 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.60129 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Bearish Engulfing’ candlestick pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.60129 – 1.59935 – 1.59936 – 1.59603 – 1.59379 – 1.59571 —
1.59869 – 1.59964 —
54.582394098044 – 61.218009493292 —
– —
1.60129 – 1774636200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Engulfing – – – – – – – – –