AUD/USD – 4H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.703255 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.7088 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bearish SBS White Lines’ candle pattern is found. The candles show ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.69294 – 0.6927 – 0.7088 – 0.68649 – 0.6875 – 0.69888 —
0.69109 – 0.69429 —
53.959454416842 – 62.410595660815 —
– —
0.69294 – 1782835200

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines – – – – – – – – –