EUR/CAD – 4H – SELL

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

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

Caution: A possible counter-trend in the direction of the resistance zone at 1.6236 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘StochRSI Hidden Bearish Divergence’ indicator signal is found. The indicator shows ‘StochRSI Hidden Bearish Divergence’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘On Neck’ candle pattern is detected. The candles show ‘On Neck’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

1.6236 – 1.62697 – 1.62682 – 1.61603 – 1.61231 – 1.61257 —
1.62038 – 1.62602 —
54.384960058238 – 67.113965776188 —
– —
1.6236 – 1782748800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – On Neck – Rising Wedge Chart Pattern – – – – – – – –