AUD/USD – 4H – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline down.

A continuation of the bearish trend down to the next support at 0.69558 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.71361 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.704525 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.71361 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.71361 – 0.71116 – 0.71467 – 0.69558 – 0.69438 – 0.70261 —
0.71828 – 0.71478 —
63.417869346337 – 56.007582258174 —
– —
0.71361 – 1772064000

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