AUD/CAD – 1H – BUY

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.964715 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.96681 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish SBS White Lines’ chart pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.96681 – 0.97299 – 0.97443 – 0.95641 – 0.95446 – 0.95986 —
0.96604 – 0.96236 —
60.020759974787 – 33.769051031524 —
– —
0.96681 – 1772658000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –