EUR/CAD – 1H – SELLThe pair Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline downwards
A bearish trend downwards to the next support at 1.60674 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.61186 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candlestick chart pattern is found. The chart shows ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62477 |
| 2nd High | 1.61831 |
| Next High | 1.61186 |
| Current Price | 1.60699 |
| Next Low | 1.60674 |
| 2nd Low | 1.60566 |
| 3rd Low | 1.6045 |
1.61186 – 1.61831 – 1.62477 – 1.60674 – 1.60566 – 1.61088 —
1.60844 – 1.60744 —
41.300312878322 – 37.41616207065 —
– —
1.61186 – 1776700800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Two Crows – Rising Wedge Chart Pattern – – – – – – – –