EUR/AUD – 1H – BUYThe combination Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 1.67049 will persist.
Caution: A possible trend reversal in the direction of support at 1.66386 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67149 |
| 2nd High | 1.67087 |
| Next High | 1.67049 |
| Current Price | 1.66761 |
| Next Low | 1.66386 |
| 2nd Low | 1.66197 |
| 3rd Low | 1.65662 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers