AUD/USD – 30M – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.69872116 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.70305 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Bearish Harami’ candlestick pattern is discovered. The candles form ‘Bearish Harami’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).

0.70305 – 0.7047 – 0.70705 – 0.69558 – 0.69765 – 0.69736 —
0.69724 – 0.69964 —
31.642490292368 – 49.902692358195 —
0.69558 – 1773028800 —
0.70305 – 1772827200

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Harami – – – – – – – – –