AUD/USD – 1H – BUY

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.71137616 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 0.70898 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish SBS White Lines’ candle pattern is found. The candles show ‘Bearish SBS White Lines’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.70798 – 0.70898 – 0.70962 – 0.70149 – 0.70236 – 0.70345 —
0.70508 – 0.70886 —
46.90123490552 – 59.240903500249 —
– —
0.70798 – 1771495200

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines – – – – – – – – –