AUD/CAD – 1H – SELL

Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.9503 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 0.96319 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.96319 – 0.96372 – 0.96683 – 0.95722 – 0.95481 – 0.9503 —
0.96028 – 0.95775 —
50.573906042197 – 42.333317808179 —
– —
0.96319 – 1774436400

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