AUD/USD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.64952108 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.65322 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65457 |
| 2nd High | 0.65441 |
| Next High | 0.65322 |
| Current Price | 0.65100 |
| Next Low | 0.64968 |
| 2nd Low | 0.64841 |
| 3rd Low | 0.64819 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows