AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 0.88880 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.89422 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Two Crows’ candlestick chart pattern is found. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. 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