AUD/CAD – 4H – BUY

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.96970498 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.97611 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.97611 – 0.97594 – 0.97497 – 0.95809 – 0.94618 – 0.95446 —
0.97198 – 0.96683 —
52.253265311284 – 43.389086181847 —
– —
0.97611 – 1773820800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –