AUD/USD – 1H – SELL

Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.71309832 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.72274 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish pattern 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 ‘Bearish Engulfing’ heading down is 79%.

0.72274 – 0.72048 – 0.71893 – 0.7183 – 0.71012 – 0.71505 —
0.71728 – 0.71597 —
40.091917405772 – 32.696510379293 —
– —
0.72274 – 1777654800

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – – – – – – – – –