EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 1.78849 will continue.

Caution: A possible change in the direction of resistance at 1.79735 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Two Crows’ chart pattern is found. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.79735 – 1.79641 – 1.79739 – 1.78849 – 1.78902 – 1.78987

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Double bottom retreat down