AUD/USD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.71892 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.72772 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.72772 – 0.72274 – 0.72048 – 0.71353 – 0.7183 – 0.71012 —
0.72683 – 0.72388 —
66.433871501298 – 56.391366687122 —
– —
0.72772 – 1778072400

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