AUD/USD – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline down.

A bearish movement downwards to the next support at 0.70535 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.70962 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.70962 – 0.70856 – 0.70969 – 0.70669 – 0.70535 – 0.70431 —
0.70743 – 0.70625 —
42.172374844314 – 29.346541831439 —
– —
0.70962 – 1771237800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –