AUD/CAD – 30M – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 0.91114 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.90858 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91309 |
| 2nd High | 0.91187 |
| Next High | 0.91114 |
| Current Price | 0.91084 |
| Next Low | 0.90858 |
| 2nd Low | 0.90758 |
| 3rd Low | 0.90681 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers