AUD/CAD – 30M – BUY

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.97925244 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 0.98282 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. 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).

0.98282 – 0.98035 – 0.98184 – 0.97787 – 0.97821 – 0.98045 —
0.98282 – 0.98144 —
65.662544322913 – 58.012654679871 —
0.98282 – 1784050200 —
– 1784050200

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