AUD/USD – 30M – SELL

The combination Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline down.

A descending movement down to the next support line at 0.70715 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.71277 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. which is a negative 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.71277 – 0.70901 – 0.70982 – 0.70715 – 0.70982 – 0.70637 —
0.71109 – 0.71381 —
49.624970931808 – 61.108293517471 —
– —
0.71277 – 1770789600

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – – – – – – – – –