AUD/USD – 1H – SELL

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards

The bearish trend downwards to the next support line at 0.65534 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.65899 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.654885 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.65899 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.

0.65899 – 0.65636 – 0.65190 – 0.65614 – 0.65534 – 0.65225

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows –