AUD/USD – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.71042 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.71856 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Harami’ chart pattern is detected. The candles show ‘Bearish Harami’. which is a bearish pattern 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 Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

0.71856 – 0.72215 – 0.70944 – 0.71107 – 0.71298 – 0.71143 —
0.71560 – 0.71571 —
40.648340554121 – 54.043823723722 —
0.71107 – 1776974400 —
0.71856 – 1776787200

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