AUD/CAD – 1H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline down.

A bearish trend down to the next support at 0.92611 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.93203 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.929045 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.93203 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ candle chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. 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’ going down is 69% (Bull Market) & 70% (Bear Market).

0.93203 – 0.93031 – 0.93211 – 0.92611 – 0.92699 – 0.92573 —
0.93203 – 0.93105 —
64.313851612039 – 57.462037468826 —
0.93203 – 1768503600 —
– 1768503600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –