AUD/USD – 1H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline downwards
A bearish descent down to the next support line at 0.62147 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.62742 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish SBS White Lines’ chart pattern is found. The candles show ‘Bearish SBS White Lines’. 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 ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63775 |
| 2nd High | 0.63269 |
| Next High | 0.62742 |
| Current Price | 0.62305 |
| Next Low | 0.62147 |
| 2nd Low | 0.61987 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines