AUD/CAD – 4H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline downwards

A bearish movement down to the next support line at 0.90079 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.91347 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.90002 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.91347 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. which 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download AUD/CAD Signal Image

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down