EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.

A descending movement downwards to the next support level at 1.77220 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 1.78324 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Three Inside Down’ candle pattern is discovered. The chart shows ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

1.78324 – 1.77650 – 1.75642 – 1.77220 – 1.75118 – 1.74973

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Inside Down