AUD/CAD – 30M – SELL

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

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

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

Also there is a ‘Two Crows’ chart pattern is detected. The chart shows ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 — 5.2846394094265 – 5.2846394094265 – 21.93759149421 – 9.6475480151636

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