AUD/CAD – 1H – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline downwards

A bearish movement downwards to the next support level at 0.94618 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.97397 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Evening Star’ candle chart pattern is detected. The candles show ‘Evening Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Evening Star’ heading down is 72% (Bull & Bear Market).

0.97397 – 0.97267 – 0.96202 – 0.94618 – 0.95533 – 0.95641 —
0.97362 – 0.97387 —
69.208972194208 – 65.509510131115 —
– —
0.97397 – 1773212400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Evening Star – Symmetrical Triangle Chart Pattern – – – – – – – –