AUD/USD – 30M – SELL

The pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline down.

A descending movement down to the next support level at 0.67027 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.67389 could occur.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.67389 – 0.67187 – 0.66975 – 0.67027 – 0.66627 – 0.66646 —
0.67389 – 0.67227 —
73.29828019645 – 48.357994292214 —
0.67389 – 1767688200 —
– 1767688200

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – – – – – – – – –