AUD/CAD – 1H – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline downwards

A bearish movement downwards to the next support line at 0.90389 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.90785 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.90436086 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.90785 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish pattern signal. 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%.

Download AUD/CAD Signal Image

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows