AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 0.64131 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.63557 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Harami Cross’ chart pattern is discovered. The chart forms ‘Bearish Harami Cross’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64320 |
| 2nd High | 0.64174 |
| Next High | 0.64131 |
| Current Price | 0.64092 |
| Next Low | 0.63557 |
| 2nd Low | 0.63434 |
| 3rd Low | 0.63330 |
0.64131 – 0.64174 – 0.64320 – 0.63557 – 0.63780 – 0.63758
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Harami Cross