AUD/USD – 1H – SELL

The pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards

A descending movement downwards to the next support at 0.71098 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.71475 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair could go down.

Next a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.71475 – 0.70934 – 0.70944 – 0.71098 – 0.70769 – 0.70287 —
0.71773 – 0.71907 —
75.265905762637 – 68.0637424121 —
– —
0.71475 – 1776186000

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –