AUD/USD – 1H – SELL

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline down.

The bearish trend downwards to the next support at 0.72237 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.72772 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. this 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.72772 – 0.72274 – 0.72048 – 0.72237 – 0.71353 – 0.7183 —
0.72500 – 0.72587 —
61.54423571173 – 63.827027597395 —
– —
0.72772 – 1778072400

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