AUD/USD – 4H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 0.66675 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.7123 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candle chart pattern is existing. The candles show ‘Two Crows’. 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.71871 |
| Next High | 0.7123 |
| Current Price | 0.68520 |
| Next Low | 0.66675 |
| 2nd Low | 0.66668 |
| 3rd Low | 0.66631 |
0.7123 – 0.71871 – 0.71361 – 0.69102 – 0.69792 – 0.69558 —
0.69117 – 0.68688 —
36.421191739514 – 34.75883221629 —
– —
0.7123 – 1773820800
Trading Signals: FOREX – AUD – AUD/USD – USD – Two Crows – – – – – – – – –