AUD/USD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.70333 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.70793 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Harami’ candle pattern is discovered. The chart forms ‘Bearish Harami’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

0.70793 – 0.7088 – 0.7088 – 0.70417 – 0.70639 – 0.70207 —
0.70700 – 0.70598 —
46.380066736088 – 39.188735975067 —
– —
0.70793 – 1781636400

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Harami – – – – – – – – –