AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline downwards

A descent down to the next support line at 0.89241 is expected.

Caution: A possible change in the direction of resistance at 0.89819 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.89819 – 0.89667 – 0.89536 – 0.89241 – 0.89210 – 0.89051

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down –