AUD/CAD – 30M – SELL

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

The bearish trend down to the next support line at 0.94939 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.96247 could occur.
Consider stop-loss settings accordingly.

Then a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.96247 – 0.95239 – 0.9492 – 0.94939 – 0.9445 – 0.94416 —
0.95798 – 0.95778 —
54.102045251571 – 53.124670138904 —
– —
0.96247 – 1770111000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –