EUR/AUD – 4H – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.
A bearish descent down to the next support line at 1.64894 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.68016 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Stick Sandwich’ candlestick chart pattern is found. The candles show ‘Stick Sandwich’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Stick Sandwich’ going up is 62% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.68016 |
| Current Price | 1.66496 |
| Next Low | 1.64894 |
| 2nd Low | 1.63613 |
| 3rd Low | 1.63504 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Stick Sandwich