AUD/CAD – 30M – SELL

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.95856 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.96694 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.96694 – 0.96598 – 0.97102 – 0.95856 – 0.96363 – 0.96637 —
0.96555 – 0.96277 —
54.902536458436 – 46.221956520559 —
– —
0.96694 – 1773415800

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