EUR/AUD – 30M – BUYThe 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 will continue.
Caution: A possible trend reversal in the direction of the support zone at 1.66009 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Outside Up’ candle pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67440 |
| 2nd High | 1.67107 |
| Next High | 1.66641 |
| Current Price | 1.66509 |
| Next Low | 1.66009 |
| 2nd Low | 1.65992 |
| 3rd Low | 1.65839 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up