EUR/AUD – 30M – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance line at 1.67107 is expected.

Caution: A possible change in the direction of the support line at 1.65446 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.66514 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 1.67107 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three White Soldiers’ candlestick pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish pattern 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’ heading up is 82%.

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers