AUD/USD – 1H – SELL

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.69945 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.70751 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. this 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.70751 – 0.70793 – 0.7088 – 0.69945 – 0.70537 – 0.70417 —
0.70397 – 0.70187 —
43.953409568052 – 36.876445955659 —
– —
0.70751 – 1781726400

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