AUD/USD – 1H – SELL

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

A bearish descent downwards to the next support at 0.71353 will continue.

Caution: A possible counter-trend in the direction of the resistance level at could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. 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).

0.72274 – 0.72048 – 0.71893 – 0.71353 – 0.7183 – 0.71012 —
0.72419 – 0.72772 —
76.799867791989 – 81.318957643164 —
– —
0.72274 – 1777654800

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