AUD/CAD – 30M – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline up.

A bullish movement upwards to the next resistance line at 0.96598 is likely expected.

Caution: A possible change in the direction of the support zone at 0.95905 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Up’ candle pattern is discovered. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.96598 – 0.97102 – 0.97594 – 0.96363 – 0.96637 – 0.96953 —
0.96408 – 0.95982 —
36.31977846502 – 18.790262076391 —
– —
0.96598 – 1773374400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – – – – – – – – –