AUD/USD – 30M – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 0.65646 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.65832 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.65832 – 0.65899 – 0.65835 – 0.65646 – 0.65614 – 0.65534

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Inverse Head and Shoulder chart pattern