AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline downwards

A bearish descent down to the next support at 0.95468 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.95925 should be noted.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Then a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.95925 – 0.96247 – 0.95239 – 0.95468 – 0.94939 – 0.9445 —
0.95788 – 0.95986 —
52.556917698283 – 58.879656988555 —
– —
0.95925 – 1770174000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Engulfing – – – – – – – – –