AUD/USD – 4H – BUY

The pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline upwards

A bullish ascent upwards to the next resistance line at 0.65798 will continue.

Caution: A possible trend reversal in the direction of the support line at 0.64582 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bearish Harami Cross’ candle chart pattern is discovered. The candles form ‘Bearish Harami Cross’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).

0.65798 – 0.65182 – 0.66172 – 0.64582 – 0.65323 – 0.65767 —
0.64829 – 0.64527 —
42.080170681147 – 38.897197404515 —
– —
0.65798 – 1763020800

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Harami Cross – Double bottom retreat down – – – – – – – –