AUD/USD – 30M – SELL

Then a ‘Inverse Head and Shoulder chart pattern’ chart pattern is found. The chart shows ‘Inverse Head and Shoulder chart pattern’. which is a positive signal. The pair is likely to go up.

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

A continuation of the downtrend down to the next support level at 0.70958 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.71317 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.71317 – 0.7112 – 0.71237 – 0.70958 – 0.70665 – 0.71135 —
0.71273 – 0.71144 —
60.301761075054 – 44.792447062417 —
– —
0.71317 – 1772175600

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – Inverse Head and Shoulder chart pattern – – – – – – – –