AUD/USD – 1H – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline downwards

The bearish trend down to the next support line at 0.69686 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.70937 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.699735 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.70937 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. 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 Black Crows’ heading down is 82%.

0.70937 – 0.70221 – 0.69404 – 0.69686 – 0.69766 – 0.6901 —
0.70183 – 0.70549 —
44.088573509337 – 53.333108335438 —
– —
0.70937 – 1769670000

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – Double bottom chart pattern – – – – – – – –