EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 1.76632 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.77512 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.77512 – 1.77565 – 1.78228 – 1.76632 – 1.76883 – 1.77355

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