AUD/CAD – 30M – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.

A bearish descent downwards to the next support line at 0.96932 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.97497 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.97497 – 0.97313 – 0.96864 – 0.96932 – 0.96636 – 0.96418 —
0.97420 – 0.97476 —
52.22419310725 – 65.829509352429 —
– —
0.97497 – 1772074800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – – – – – – – – –