AUD/CAD – 30M – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline downwards

A bearish descent down to the next support level at 0.92637 will persist.

Caution: A possible change in the direction of the resistance line at 0.93133 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish pattern 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.93133 – 0.92855 – 0.93031 – 0.92637 – 0.92611 – 0.92699 —
0.92925 – 0.93203 —
45.29544063995 – 68.295338368124 —
– —
0.93133 – 1768476600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Inverse Head and Shoulder chart pattern – – – – – – – –