AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline down.

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

Caution: A possible reversal of the trend in the direction of the resistance level at 0.89302 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI fall below 80’ indicator signal is found. The indicator shows ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair is likely to fall.

Also there is a ‘Two Crows’ candle chart pattern is discovered. The candles show ‘Two Crows’. which is a negative pattern 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 — 43.367250309217 – 42.120087926506

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