EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 1.65998 will continue.
Caution: A possible change in the direction of the support level at 1.65406 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.65998 |
| Current Price | 1.66180 |
| Next Low | 1.65406 |
| 2nd Low | 1.65118 |
| 3rd Low | 1.64864 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers