AUD/CAD – 1H – SELL

And also a ‘Double bottom retreat down’ chart pattern is found. The chart picture shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A continuation of the bearish trend down to the next support at 0.87897 will continue.

Caution: A possible change in the direction of the resistance line at 0.89051 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.89051 – 0.89273 – 0.88819 – 0.87897 – 0.88549 – 0.88203

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