AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline down.

A bearish descent down to the next support level at 0.89231 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.89608 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.89608 – 0.89306 – 0.89268 – 0.89231 – 0.89227 – 0.89080

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