AUD/USD – 1H – SELL

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

The bearish trend downwards to the next support at 0.71012 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.71995 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Additionally a ‘Shooting Star’ candlestick pattern is discovered. The candles show ‘Shooting Star’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

0.71893 – 0.71995 – 0.71629 – 0.71012 – 0.71505 – 0.71107 —
0.72044 – 0.71993 —
71.327539123394 – 63.195435005439 —
– —
0.71893 – 1777431600

Trading Signals: FOREX – AUD – AUD/USD – USD – Shooting Star – – – – – – – – –