AUD/USD – 1H – SELL

The pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 0.70196 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.71486 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.71486 – 0.71876 – 0.71899 – 0.70196 – 0.71052 – 0.7122 —
0.70591 – 0.70610 —
38.953870556946 – 46.287844305942 —
– —
0.71486 – 1780585200

Trading Signals: FOREX – AUD – AUD/USD – USD – Two Crows – – – – – – – – –