AUD/CAD – 1H – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline upwards

A bullish ascent up to the next resistance at 0.96838 is expected.

Caution: A possible counter-trend in the direction of support at 0.96185 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

0.96838 – 0.96699 – 0.96678 – 0.96313 – 0.96352 – 0.96185 —
0.96613 – 0.96267 —
53.774669595078 – 36.17476790207 —
– —
0.96838 – 1771495200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –