AUD/USD – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.68348 is expected.

Caution: A possible counter-trend in the direction of resistance at 0.68744 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.68744 – 0.70132 – 0.70621 – 0.68348 – 0.68329 – 0.68425 —
0.68994 – 0.69298 —
57.389677657797 – 70.124523708453 —
– —
0.68744 – 1774929600

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