AUD/USD – 1H – SELLThe pair Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 0.64819 will persist.
Caution: A possible change in the direction of the resistance level at 0.65441 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.649225 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.65441 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65815 |
| 2nd High | 0.65457 |
| Next High | 0.65441 |
| Current Price | 0.65110 |
| Next Low | 0.64819 |
| 2nd Low | 0.64476 |
| 3rd Low | 0.64426 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows