AUD/USD – 30M – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.706325 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.71116 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Tweezers Top’ candle chart pattern is detected. The candles form ‘Tweezers Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.71116 – 0.70664 – 0.70615 – 0.70659 – 0.70397 – 0.70149 —
0.70706 – 0.70842 —
46.870595862909 – 55.753791617414 —
0.70659 – 1771830000 —
0.71116 – 1771810200

Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top – – – – – – – – –