AUD/USD – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 0.68329 will persist.

Caution: A possible change in the direction of the resistance line at 0.68744 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Last Engulfing Bottom:’ candlestick chart pattern is detected. The candles form ‘Last Engulfing Bottom:’. 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 probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

0.68744 – 0.70132 – 0.70621 – 0.68329 – 0.68425 – 0.68715 —
0.68561 – 0.68900 —
45.888302575409 – 57.974220906153 —
– —
0.68744 – 1774929600

Trading Signals: FOREX – AUD – AUD/USD – USD – Last Engulfing Bottom: – – – – – – – – –