AUD/CAD – 30M – SELL

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

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

Caution: A possible trend reversal in the direction of the resistance line at 0.89302 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Two Crows’ chart pattern is existing. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.89302 – 0.89454 – 0.89821 – 0.88988 – 0.89009 – 0.89239 — 43.367250309217 – 42.120087926506

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