EUR/CAD – 1H – SELL

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

A descent down to the next support line at 1.61603 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.62364 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Tweezers Top’ candlestick pattern is found. The chart forms ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.62364 – 1.6236 – 1.62064 – 1.61603 – 1.61993 – 1.61442 —
1.62137 – 1.62398 —
55.51555489132 – 67.611091406658 —
– —
1.62364 – 1783011600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Tweezers Top – – – – – – – – –