AUD/USD – 30M – SELL

The combination Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline down.

A descending movement down to the next support at 0.70341 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.70778 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Shooting Star’ candle chart pattern is existing. The candles show ‘Shooting Star’. 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 ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

0.70778 – 0.70618 – 0.71433 – 0.70341 – 0.70196 – 0.71052 —
0.70757 – 0.70566 —
59.934704809205 – 47.905829044933 —
– —
0.70778 – 1780927200

Trading Signals: FOREX – AUD – AUD/USD – USD – Shooting Star – – – – – – – – –