EUR/AUD – 4H – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.
A bearish descent down to the next support at 1.63613 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Harami’ candle pattern is found. The candles form ‘Bullish Harami’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Harami’ going up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.66150 |
| Next Low | 1.63613 |
| 2nd Low | 1.63504 |
| 3rd Low | 1.61583 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Harami