AUD/CAD – 30M – SELL

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

A descent down to the next support at 0.96414 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.97102 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Last Engulfing Bottom:’ chart pattern is existing. The candles form ‘Last Engulfing Bottom:’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

0.9682 – 0.96204 – 0.96694 – 0.96414 – 0.96046 – 0.95809 —
0.96715 – 0.96943 —
59.627904870357 – 62.74142355764 —
– —
0.9682 – 1773698400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Last Engulfing Bottom: – – – – – – – – –