EUR/CAD – 1H – SELL

The EUR/CAD 1H chart has triggered a SELL signal despite a predominantly bullish trend across multiple timeframes. The signal is driven by a confluence of trendline breaks, candlestick patterns (Double Bottom Retreat Down, Triple Bottom Retreat Down), and indicator crossovers (BOP Zero Cross Down, STOCH KD Cross Down, TEMA Retreat Down) that suggest a potential short-term reversal. The Ascending Triangle pattern adds a bearish note as a retreat from its upper boundary. However, the overall trend remains bullish from 15m to daily, with the strongest bullish trend on the 1H itself (very strong, 4/5). This creates a conflict between the short-term bearish signals and the longer-term bullish momentum. The nearest support at 1.60789 is a key level to watch; a break below could confirm the bearish move, while a hold may see the trend resume upward. The weak probability (62%) and weak strength indicate that this signal should be treated with caution.