AUD/CAD – 4H – BUY

Next a ‘Double bottom chart pattern’ chart pattern is existing. The chart shows ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to go up.

The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards

An ascent upwards to the next resistance level at 0.89608 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.89051 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.89608 – 0.89273 – 0.89469 – 0.89051 – 0.87897 – 0.87970

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom chart pattern