EUR/CAD – 1H – SELL

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

The bearish trend down to the next support level at 1.59055 is expected.

Caution: A possible trend reversal in the direction of resistance at 1.61186 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black 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 ‘Three Black Crows’ heading down is 82%.

1.60287 – 1.59535 – 1.59881 – 1.59055 – 1.59029 – 1.5922 —
1.60394 – 1.60566 —
69.758080231496 – 61.835755199393 —
– —
1.60287 – 1778076000

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