EUR/CAD – 1H – SELL

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

A bearish trend down to the next support level at 1.60746 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.61995 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

1.61995 – 1.61121 – 1.6138 – 1.60746 – 1.60684 – 1.60847 —
1.61777 – 1.62086 —
58.285236304585 – 67.252804833362 —
– —
1.61995 – 1781265600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Engulfing – – – – – – – – –