AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 0.88988 will persist.

Caution: A possible change in the direction of resistance at 0.89302 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘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 – – –