AUD/CAD – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 0.97661 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.97911 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.97911 – 0.9793 – 0.97943 – 0.97661 – 0.97471 – 0.97789 —
0.97740 – 0.97871 —
47.350752736233 – 45.875767162192 —
– —
0.97911 – 1776913200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –