AUD/CAD – 30M – SELL

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.95986 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.97299 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.97299 – 0.9708 – 0.97228 – 0.96313 – 0.95986 – 0.97067 —
0.96767 – 0.96404 —
34.290307382388 – 32.968423386334 —
– —
0.97299 – 1772506800

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