AUD/USD – 1H – SELL

The pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline downwards

A bearish movement down to the next support line at 0.69438 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.71223 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Inside Down’ candlestick pattern is existing. The candles form ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.71223 – 0.71317 – 0.71361 – 0.69438 – 0.70321 – 0.70665 —
0.70570 – 0.70217 —
47.551625075691 – 39.510395490273 —
– —
0.71223 – 1772506800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Inside Down – Rising Wedge Chart Pattern – – – – – – – –