AUD/CAD – 1H – SELL

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

A continuation of the downtrend down to the next support at 0.97539 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.98062 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.98062 – 0.97992 – 0.98335 – 0.97539 – 0.97222 – 0.97717 —
0.98062 – 0.97961 —
63.273099457642 – 56.590858187949 —
0.98062 – 1777856400 —
– 1777856400

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