EUR/AUD – 1H – BUYThe pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards
A bearish movement downwards to the next support line at 1.64748 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.66454 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.66454 |
| Current Price | 1.66150 |
| Next Low | 1.64748 |
| 2nd Low | 1.63613 |
| 3rd Low | 1.63504 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers