AUD/USD – 30M – SELL

The combination Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 0.6908 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.69903 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Two Crows’ chart pattern is found. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.69903 – 0.70068 – 0.70427 – 0.69397 – 0.6958 – 0.6971 —
0.69702 – 0.69299 —
47.230944419445 – 29.748523674023 —
– —
0.69903 – 1770285600

Trading Signals: FOREX – AUD – AUD/USD – USD – Two Crows – Double top retreat up – – – – – – – –