EUR/CAD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.60483 will persist.

Caution: A possible change in the direction of the resistance line at 1.60652 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

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

1.60652 – 1.60894 – 1.60942 – 1.60483 – 1.60219 – 1.6022 —
1.60652 – 1.60619 —
52.887438883809 – 51.241332757976 —
1.60652 – 1775187000 —
– 1775187000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –