AUD/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.88988 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.89302 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going 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 –