AUD/CAD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.95753 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.96267 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Two Crows’ candlestick pattern is found. The chart forms ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.96267 – 0.96103 – 0.96006 – 0.95753 – 0.94644 – 0.95197 —
0.96217 – 0.96100 —
67.179457716575 – 56.608234957344 —
– —
0.96267 – 1770656400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – Rising Wedge Chart Pattern – – – – – – – –