AUD/USD – 4H – SELL

Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.70808 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.71116 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.71116 – 0.71467 – 0.70499 – 0.70261 – 0.70149 – 0.70277 —
0.71109 – 0.71353 —
61.913689430572 – 59.197985966763 —
– —
0.71116 – 1771804800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – Double bottom retreat down – – – – – – – –