AUD/USD – 30M – SELL

The pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline downwards

A bearish descent downwards to the next support line at 0.6898 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.69483 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.69483 – 0.69377 – 0.68964 – 0.6898 – 0.69053 – 0.68759 —
0.69483 – 0.69426 —
70.350091950991 – 60.170658520358 —
0.69483 – 1775561400 —
– 1775561400

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –