EUR/AUD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.65722 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 1.66036 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Harami’ candle pattern is discovered. The candles form ‘Bearish Harami’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.66533 |
| 2nd High | 1.66163 |
| Next High | 1.66036 |
| Current Price | 1.65604 |
| Next Low | 1.65446 |
| 2nd Low | 1.65407 |
| 3rd Low | 1.65222 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami