EUR/AUD – 1H – SELL

And also a ‘Double bottom retreat down’ chart formation is discovered. The chart forms ‘Double bottom retreat down’. which is a negative chart scenario. The pair is likely to go down.

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

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

Caution: A possible change in the direction of resistance at 1.79647 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. this is usually a bearish signal. The currency pair is likely to fall.

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 – –