AUD/USD – 30M – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 0.68888 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.69156 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.69156 – 0.69178 – 0.69404 – 0.68888 – 0.68594 – 0.69123 —
0.69088 – 0.69095 —
52.647859274942 – 56.027665775946 —
– —
0.69156 – 1775187000

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –