AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 0.88988 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.89302 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.89302 – 0.89454 – 0.89821 – 0.88988 – 0.89009 – 0.89239

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