AUD/USD – 1H – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline down.

A descending movement down to the next support at 0.68837 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.6943 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Last Engulfing Top’ candlestick pattern is discovered. The chart shows ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.6943 – 0.69156 – 0.69294 – 0.68837 – 0.68823 – 0.68649 —
0.69202 – 0.69492 —
52.943110036492 – 67.510018439452 —
– —
0.6943 – 1783011600

Trading Signals: FOREX – AUD – AUD/USD – USD – Last Engulfing Top – – – – – – – – –