AUD/USD – 4H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at is considered certain.
Caution: A possible change in the direction of resistance at 0.65277 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish 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 | 0.66875 |
| 2nd High | 0.65496 |
| Next High | 0.65277 |
| Current Price | 0.64299 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows