EUR/AUD – 30M – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline up.

A continuation of the upward movement up to the next resistance at 1.66641 is expected.

Caution: A possible change in the direction of the support zone at 1.66064 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.66437096 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 1.66641 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Up’ chart pattern is discovered. The candles show ‘Three Outside Up’. which is a positive pattern 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 Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up