AUD/CAD – 1H – BUY

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.98335 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.98648 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Up’ candle pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. 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).

0.98062 – 0.97992 – 0.98335 – 0.9722 – 0.97389 – 0.97539 —
0.98216 – 0.98489 —
74.30251352516 – 73.633896559325 —
– —
0.98062 – 1777856400

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