AUD/CAD – 1H – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bearish trendline downwards

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

Caution: A possible change in the direction of the resistance level at 0.98973 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern 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’ heading down is 82%.

0.98973 – 0.98578 – 0.98498 – 0.982 – 0.97458 – 0.97476 —
0.98848 – 0.99046 —
61.020666598487 – 67.719137150834 —
– —
0.98973 – 1781481600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –