AUD/USD – 1H – SELLThe combination Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.61987 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.63269 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63824 |
| 2nd High | 0.63775 |
| Next High | 0.63269 |
| Current Price | 0.62468 |
| Next Low | 0.61987 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows