AUD/CAD – 1H – BUY

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 0.96247 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 0.96247 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Bearish SBS White Lines’ candlestick pattern is discovered. The chart forms ‘Bearish SBS White Lines’. which is a negative 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 SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.96247 – 0.94991 – 0.95896 – 0.95468 – 0.94416 – 0.94428 —
0.95902 – 0.95970 —
55.069539430745 – 53.894482004979 —
– —
0.96247 – 1770109200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish SBS White Lines – Double top retreat up – – – – – – – –