AUD/CAD – 1H – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support at 0.90896 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.91843 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.91843 – 0.91665 – 0.91671 – 0.90896 – 0.91339 – 0.91353 —
0.91112 – 0.91241 —
34.923229479521 – 46.949982920313 —
– —
0.91843 – 1763143200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Double bottom chart pattern – – – –