AUD/USD – 30M – SELL

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline down.

A continuation of the bearish trend down to the next support line at 0.71432 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.71824 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.71372408 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 0.71824 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candle chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.71824 – 0.7165 – 0.72215 – 0.71432 – 0.71418 – 0.71143 —
0.71583 – 0.71794 —
43.589562485742 – 65.299206220464 —
– —
0.71824 – 1776736800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – – – – – – – – –