AUD/CAD – 1H – SELL

Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.97542924 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.9797 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. which is a bearish 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.9797 – 0.97911 – 0.9793 – 0.97661 – 0.97471 – 0.97789 —
0.97871 – 0.97730 —
45.875766657489 – 47.471707533115 —
– —
0.9797 – 1776974400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – – – – – – – – –