AUD/CAD – 30M – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline downwards

A descent downwards to the next support level at 0.88549 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.89273 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.89273 – 0.88930 – 0.88784 – 0.88549 – 0.88634 – 0.88203

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