AUD/USD – 30M – SELL

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards

A bearish trend downwards to the next support level at 0.71135 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.71361 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.71361 – 0.71162 – 0.70699 – 0.71135 – 0.70727 – 0.70559 —
0.71307 – 0.71163 —
49.842272604318 – 43.135881155439 —
– —
0.71361 – 1772074800

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – – – – – – – – –