AUD/CAD – 1H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 0.982 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.98973 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.98973 – 0.98578 – 0.98498 – 0.982 – 0.97458 – 0.97476 —
0.98864 – 0.98951 —
65.631777319637 – 62.856259971899 —
– —
0.98973 – 1781481600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –