AUD/USD – 1H – SELLThe pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards
A bearish descent downwards to the next support line at will continue.
Caution: A possible change in the direction of the resistance level at 0.63775 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Line Strike – Bearish’ candle pattern is found. The candles show ‘Three Line Strike – Bearish’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63833 |
| 2nd High | 0.63824 |
| Next High | 0.63775 |
| Current Price | 0.63056 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Line Strike – Bearish