AUD/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.69604936 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.70068 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Harami’ chart pattern is existing. The candles show ‘Bearish Harami’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).

0.70068 – 0.70427 – 0.70361 – 0.6958 – 0.6971 – 0.69803 —
0.69696 – 0.69816 —
34.325785233206 – 43.608745736598 —
– —
0.70068 – 1770260400

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Harami – – – – – – – – –