AUD/CAD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.97746 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.98039 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.98039 – 0.97873 – 0.9773 – 0.97849 – 0.97743 – 0.97453 —
0.97925 – 0.97972 —
54.418565114473 – 47.32814686156 —
– —
0.98039 – 1777271400

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