EUR/CAD – 1H – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 1.60713 will continue.

Caution: A possible change in the direction of the resistance zone at 1.61326 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Next a ‘Matching Low’ candlestick chart pattern is found. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.61326 – 1.61198 – 1.61062 – 1.60713 – 1.60641 – 1.60642 —
1.60902 – 1.61205 —
39.098679606372 – 65.422169391809 —
– —
1.61326 – 1780412400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low – – – – – – – – –