AUD/USD – 4H – BUY

Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.716135 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.71995 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.71995 – 0.71856 – 0.72215 – 0.71012 – 0.71107 – 0.71298 —
0.72048 – 0.72095 —
59.413339262009 – 55.915429129849 —
– —
0.71995 – 1777305600

Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – – – – – – – – –