EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 1.67217 will persist.
Caution: A possible reversal of the trend in the direction of resistance at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candle pattern is discovered. The chart forms ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.67739 |
| Next Low | 1.67217 |
| 2nd Low | 1.66311 |
| 3rd Low | 1.66197 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers