AUD/USD – 4H – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards

A descent down to the next support line at 0.69438 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.7123 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.69438 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.7123 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish signal. The currency 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’ heading down is 82%.

0.7123 – 0.71871 – 0.71361 – 0.69792 – 0.69558 – 0.69438 —
0.71085 – 0.70149 —
54.149884651449 – 36.612435344094 —
– —
0.7123 – 1773820800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –