AUD/USD – 1H – SELL

The combination Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support level at 0.69558 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.7047 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.7047 – 0.70889 – 0.71223 – 0.69558 – 0.69765 – 0.69736 —
0.69995 – 0.70216 —
46.216407098394 – 53.809208461621 —
– —
0.7047 – 1772787600

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