AUD/CAD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.967495 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.97594 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Bearish Harami’ chart pattern is detected. The candles form ‘Bearish Harami’. which is a negative 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 ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

0.97594 – 0.97397 – 0.97267 – 0.96962 – 0.9658 – 0.96331 —
0.97254 – 0.97225 —
52.846853365178 – 52.206915495537 —
– —
0.97594 – 1773248400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Harami – – – – – – – – –