AUD/USD – 4H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline down.
The bearish trend down to the next support at 0.63363 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.64712 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Line Strike – Bearish’ candle chart pattern is detected. The chart shows ‘Three Line Strike – Bearish’. this is a bearish 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 ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65496 |
| 2nd High | 0.65277 |
| Next High | 0.64712 |
| Current Price | 0.63566 |
| Next Low | 0.63363 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Line Strike – Bearish