Then a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.69849522 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 0.70889 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Two Crows’ candlestick chart pattern is existing. The candles show ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71317 |
| 2nd High | 0.71223 |
| Next High | 0.70889 |
| Current Price | 0.69991 |
| Next Low | 0.69736 |
| 2nd Low | 0.69438 |
| 3rd Low | 0.68966 |
0.70889 – 0.71223 – 0.71317 – 0.69736 – 0.69843 – 0.69438 —
0.70231 – 0.70470 —
48.192806845398 – 56.740175986415 —
– —
0.70889 – 1772679600
Trading Signals: FOREX – AUD – AUD/USD – USD – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –