AUD/CAD – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.95460764 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.96247 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish Harami’ candlestick chart pattern is existing. The chart shows ‘Bearish Harami’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

0.96247 – 0.95896 – 0.93203 – 0.94644 – 0.94416 – 0.92611 —
0.96229 – 0.96102 —
65.961241546978 – 59.903035725515 —
– —
0.96247 – 1770105600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Harami – Double top chart pattern – – – – – – – –