AUD/USD – 30M – SELL

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

A bearish trend down to the next support at 0.68966 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.70244 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The 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%.

0.70244 – 0.69903 – 0.70068 – 0.68966 – 0.69397 – 0.6958 —
0.70200 – 0.70353 —
75.033661606038 – 75.211891402989 —
– —
0.70244 – 1770406200

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