AUD/CAD – 30M – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline downwards
A descending movement down to the next support line at 0.90865 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.91611 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91821 |
| 2nd High | 0.91747 |
| Next High | 0.91611 |
| Current Price | 0.91197 |
| Next Low | 0.90865 |
| 2nd Low | 0.90704 |
| 3rd Low | 0.90494 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows