AUD/CAD – 1H – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 0.9084 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.91721 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.91721 – 0.91618 – 0.91243 – 0.9084 – 0.90906 – 0.90554 —
0.91613 – 0.91751 —
53.44241175119 – 57.678891733966 —
– —
0.91721 – 1764226800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Double top retreat up – – – – – – – –