EUR/AUD – 1H – SELL

In addition a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. which is a negative chart scenario. The currency pair is likely to fall.

The combination Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline down.

A descent downwards to the next support at 1.78748 is certain.

Caution: A possible change in the direction of resistance at 1.79647 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI fall below 80’ indicator layout is detected. The indicator shows ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair could go down.

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792

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