AUD/CAD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.980935 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.98967 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.98967 – 0.98859 – 0.98062 – 0.9722 – 0.97389 – 0.97539 —
0.98933 – 0.98674 —
67.18898575244 – 44.696091784765 —
– —
0.98967 – 1778148000

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