AUD/CAD – 4H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline down.

A continuation of the downtrend down to the next support line at 0.88881 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.90173 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.88881 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.90173 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download AUD/CAD Signal Image

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows