AUD/USD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 0.71325 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.71579 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Tweezers Top’ chart pattern is found. The candles form ‘Tweezers Top’. 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 success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.71579 – 0.71663 – 0.71693 – 0.71325 – 0.71363 – 0.71459 —
0.71601 – 0.71425 —
58.41551377001 – 43.727655051655 —
– —
0.71579 – 1776942000

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