Sell AUD/USD – 1H – SELL

The pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline downwards

A descent down to the next support level at 0.66627 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.67389 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Then a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Support & Resistance Price Range*
3rd High
2nd High
Next High 0.67389
Current Price 0.67341
Next Low 0.66627
2nd Low 0.66592
3rd Low 0.65998

0.67389 – 0.67187 – 0.67067 – 0.66627 – 0.66592 – 0.66875 —
0.67316 – 0.67392 —
62.640222862636 – 67.126628177007 —
– —
0.67389 – 1767686400

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