AUD/CAD – 1H – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 0.91309 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.90939 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91821 |
| 2nd High | 0.91641 |
| Next High | 0.91309 |
| Current Price | 0.91303 |
| Next Low | 0.90939 |
| 2nd Low | 0.90858 |
| 3rd Low | 0.90758 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers