AUD/USD – 30M – SELL

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

A bearish movement down to the next support line at 0.69103 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.6943 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.6943 – 0.69156 – 0.69294 – 0.69103 – 0.68862 – 0.68837 —
0.69360 – 0.69476 —
64.068260773066 – 68.650363250886 —
– —
0.6943 – 1783011600

Trading Signals: FOREX – AUD – AUD/USD – USD – Two Crows – – – – – – – – –