EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline down.

A descending movement downwards to the next support line at 1.60156 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.60433 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.

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

Next a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.60433 – 1.60286 – 1.60287 – 1.60156 – 1.60022 – 1.59156 —
1.60323 – 1.60551 —
52.414511590833 – 66.393686193017 —
– —
1.60433 – 1778148000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – – – – – – – – –