AUD/USD – 30M – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline up.

An ascending movement upwards to the next resistance at 0.70763 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 0.70277 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish SBS White Lines’ candlestick pattern is detected. The chart shows ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.70763 – 0.70962 – 0.70856 – 0.70277 – 0.70459 – 0.70669 —
0.70433 – 0.70898 —
39.416983390189 – 61.383112088335 —
0.70277 – 1771349400 —
0.70763 – 1771329600

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines – – – – – – – – –