AUD/USD – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

The combination Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline downwards

A bearish descent down to the next support at 0.71122 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.71850 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Two Crows’ candle pattern is found. The candles show ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.71850 – 0.7168 – 0.70817 – 0.71122 – 0.7053 – 0.69813 —
0.71850 – 0.71740 —
73.732132806893 – 59.926574550748 —
0.71850 – 1773214200 —
– 1773214200

Trading Signals: FOREX – AUD – AUD/USD – USD – Two Crows – Rising Wedge Chart Pattern – – – – – – – –