AUD/CAD – 30M – BUY

Then a ‘Double bottom chart pattern’ chart layout is existing. The chart shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.91312 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 0.91312 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Bullish Engulfing’ candle pattern is existing. The chart shows ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

0.91141 – 0.91139 – 0.90954 – 0.90915 – 0.90948 – 0.90554 —
0.91199 – 0.91221 —
63.818304815894 – 61.313753990311 —
– —
0.91141 – 1763978400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Engulfing – Double bottom chart pattern – – – – – – – –