AUD/USD – 1H – SELL

Moreover a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards

A bearish trend down to the next support line at 0.69888 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.70751 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.69888 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.70751 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.70751 – 0.70793 – 0.7088 – 0.69888 – 0.70006 – 0.69945 —
0.70154 – 0.70125 —
45.773828116132 – 48.588484571888 —
– —
0.70751 – 1781726400

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –