AUD/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 0.64737 is considered certain.

Caution: A possible change in the direction of resistance at 0.65065 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.64610524 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.65065 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Download AUD/USD Signal Image

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows