AUD/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.896075 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.89660 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Two Crows’ candlestick pattern is existing. The candles form ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89735 |
| 2nd High | 0.89722 |
| Next High | 0.89660 |
| Current Price | 0.89641 |
| Next Low | 0.89378 |
| 2nd Low | |
| 3rd Low |