AUD/USD – 4H – SELL

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

A bearish descent downwards to the next support level at 0.71353 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.72772 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.71892 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.72772 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.72772 – 0.72274 – 0.71995 – 0.71353 – 0.71012 – 0.71107 —
0.72772 – 0.72579 —
62.506740323694 – 58.145223757497 —
0.72772 – 1778068800 —
– 1778068800

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –