AUD/USD – 4H – SELL

The combination Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline down.

A continuation of the downward movement down to the next support line at 0.61987 is expected.

Caution: A possible change in the direction of the resistance line at 0.62742 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. this 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Download AUD/USD Signal Image

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down