AUD/CAD – 1H – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.

A bearish descent downwards to the next support at 0.89216 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.89452 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.89452 – 0.89608 – 0.89306 – 0.89216 – 0.89080 – 0.88940

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern