AUD/CAD – 1H – SELL

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

A descent down to the next support at 0.91732 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.92384 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.92384 – 0.91981 – 0.91893 – 0.91732 – 0.91551 – 0.91313 —
0.92318 – 0.92286 —
61.0740181599 – 60.143317180342 —
– —
0.92384 – 1764842400

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