EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 1.67087 will persist.
Caution: A possible change in the direction of support at 1.66222 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish signal. The 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.67149 |
| Next High | 1.67087 |
| Current Price | 1.66578 |
| Next Low | 1.66222 |
| 2nd Low | 1.66040 |
| 3rd Low | 1.65662 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers