AUD/CAD – 1H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 0.89550 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.89987 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The 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’ going down is 82%.

Download AUD/CAD Signal Image

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