EUR/CAD – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline downwards

A descending movement down to the next support line at 1.6204 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.62602 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.62602 – 1.62219 – 1.62364 – 1.6204 – 1.61603 – 1.61643 —
1.62500 – 1.62490 —
59.983097839516 – 56.99285618044 —
– —
1.62602 – 1783092600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –