AUD/USD – 4H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline downwards
A bearish trend down to the next support at 0.62002 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.62465 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Tweezers Top’ candle chart pattern is detected. The candles show ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64291 |
| 2nd High | 0.62742 |
| Next High | 0.62465 |
| Current Price | 0.62085 |
| Next Low | 0.62002 |
| 2nd Low | 0.61987 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top