EUR/CAD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 1.59889 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.60271 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Southern Doji’ chart pattern is existing. The candles form ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.60271 – 1.60382 – 1.60235 – 1.59889 – 1.59929 – 1.59916 —
1.59689 – 1.59768 —
35.054235427705 – 38.975140911977 —
– —
1.60271 – 1777273200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –