AUD/CAD – 4H – SELL

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.960575 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.97497 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.97497 – 0.97065 – 0.96979 – 0.94618 – 0.95446 – 0.95986 —
0.97389 – 0.97102 —
62.622536215273 – 57.875666618066 —
– —
0.97497 – 1772064000

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