AUD/USD – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.71298 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.71758 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.71758 – 0.71633 – 0.71856 – 0.71298 – 0.71432 – 0.71418 —
0.71730 – 0.71622 —
56.51874394903 – 49.0888210906 —
– —
0.71758 – 1776844800

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