AUD/CAD – 4H – SELL

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

A descending movement down to the next support level at 0.94618 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 0.97497 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Matching Low’ candle pattern is found. The chart forms ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.97497 – 0.97065 – 0.96979 – 0.94618 – 0.95446 – 0.95986 —
0.96155 – 0.97397 —
54.369736964948 – 67.017536951717 —
– —
0.97497 – 1772064000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –