AUD/USD – 1H – SELL

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

A descending movement down to the next support at 0.69803 is expected.

Caution: A possible change in the direction of resistance at 0.70499 could happen.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.70499 – 0.69701 – 0.70315 – 0.69803 – 0.69351 – 0.6908 —
0.70334 – 0.70355 —
59.791211274851 – 58.030535967265 —
– —
0.70499 – 1770109200

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –