AUD/CAD – 30M – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline down.

A continuation of the downward movement down to the next support at 0.97274 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.9795 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Shooting Star’ candlestick chart pattern is existing. The chart forms ‘Shooting Star’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

0.9795 – 0.97976 – 0.9801 – 0.97274 – 0.97333 – 0.9638 —
0.97592 – 0.97922 —
59.496121723683 – 61.488198263044 —
– —
0.9795 – 1775664000

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