AUD/CAD – 30M – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.
The bearish trend down to the next support level at is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.90461 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Three Line Strike – Bearish’ candlestick pattern is discovered. The chart shows ‘Three Line Strike – Bearish’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91378 |
| 2nd High | 0.91347 |
| Next High | 0.90461 |
| Current Price | 0.89873 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Line Strike – Bearish