AUD/USD – 4H – SELL

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

A continuation of the bearish trend down to the next support at 0.66675 is likely expected.

Caution: A possible change in the direction of resistance at 0.7123 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Tweezers Top’ candle pattern is found. The candles form ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.7123 – 0.71871 – 0.71361 – 0.69102 – 0.69792 – 0.69558 —
0.68735 – 0.68687 —
34.089810640988 – 38.855534194013 —
– —
0.7123 – 1773820800

Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top – – – – – – – – –