Sell EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards

The bearish trend downwards to the next support at 1.66040 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.66684 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.662775 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 1.66684 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 1.67149
2nd High 1.67046
Next High 1.66684
Current Price 1.66372
Next Low 1.66040
2nd Low 1.65662
3rd Low 1.65406

Download EUR/AUD Signal Image

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