AUD/USD – 1H – SELL

And also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.70811 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.71317 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.71317 – 0.71361 – 0.71162 – 0.70321 – 0.70665 – 0.70727 —
0.71035 – 0.71139 —
50.48857676399 – 57.557877111347 —
– —
0.71317 – 1772175600

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – – – – – – – – –