AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline downwards

A bearish movement down to the next support at 0.89413 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.89660 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.89413 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.89660 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Line Strike – Bearish’ candlestick pattern is discovered. The chart shows ‘Three Line Strike – Bearish’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).

Download AUD/CAD Signal Image

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Line Strike – Bearish