AUD/CAD – 1H – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.
A bearish trend down to the next support level at is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.91347 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Harami’ chart pattern is discovered. The chart shows ‘Bullish Harami’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Harami’ heading up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91641 |
| 2nd High | 0.91378 |
| Next High | 0.91347 |
| Current Price | 0.89998 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Harami