AUD/USD – 1H – SELL

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

A continuation of the downward movement down to the next support line at 0.70261 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.71116 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

In addition a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.70733 – 0.71116 – 0.70798 – 0.70261 – 0.7048 – 0.70149 —
0.70615 – 0.71149 —
49.439176647564 – 75.96287715008 —
– —
0.70733 – 1771923600

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Double bottom retreat down – – – – – – – –