AUD/CAD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.91208 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.91208 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three White Soldiers’ candle pattern is found. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91747 |
| 2nd High | 0.91611 |
| Next High | 0.91208 |
| Current Price | 0.91081 |
| Next Low | 0.90704 |
| 2nd Low | 0.90494 |
| 3rd Low | 0.90439 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers