AUD/USD – 4H – SELL

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

A descending movement down to the next support level at 0.71012 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.72215 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Southern Doji’ chart pattern is detected. The chart shows ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.71995 – 0.71856 – 0.72215 – 0.71012 – 0.71107 – 0.71298 —
0.71912 – 0.72153 —
59.04753969219 – 59.715720444015 —
– —
0.71995 – 1777305600

Trading Signals: FOREX – AUD – AUD/USD – USD – Southern Doji – – – – – – – – –