AUD/USD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.65084 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.65327 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. 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).

0.65327 – 0.65336 – 0.65064 – 0.64967 – 0.64895 – 0.65056

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