AUD/CAD – 1H – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline up.

A continuation of the upward movement up to the next resistance level at 0.98062 will continue.

Caution: A possible counter-trend in the direction of the support level at 0.9722 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.98335 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.98062 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

0.98062 – 0.97992 – 0.98335 – 0.9722 – 0.97389 – 0.97539 —
0.97916 – 0.98006 —
64.17226633485 – 66.447289236352 —
– —
0.98062 – 1777856400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –