EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 1.66454 will persist.
Caution: A possible trend reversal in the direction of support at 1.65803 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Tri-Star’ candle chart pattern is discovered. The chart shows ‘Bullish Tri-Star’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.66454 |
| Current Price | 1.66265 |
| Next Low | 1.65803 |
| 2nd Low | 1.65406 |
| 3rd Low | 1.65118 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Tri-Star