AUD/CAD – 30M – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.91347 will persist.
Caution: A possible trend reversal in the direction of support at 0.90513 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Three Line Strike – Bullish’ candle chart pattern is existing. The chart shows ‘Three Line Strike – Bullish’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91641 |
| 2nd High | 0.91378 |
| Next High | 0.91347 |
| Current Price | 0.90694 |
| Next Low | 0.90513 |
| 2nd Low | 0.90386 |
| 3rd Low | 0.90079 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Line Strike – Bullish