EUR/AUD – 1H – BUYThe pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 1.67700 is certain.
Caution: A possible counter-trend in the direction of the support zone at 1.66898 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. which is a positive signal. The currency 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 | 1.68016 |
| Next High | 1.67700 |
| Current Price | 1.67147 |
| Next Low | 1.66898 |
| 2nd Low | 1.66311 |
| 3rd Low | 1.66197 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers