EUR/AUD – 1H – SELL

Also there is a ‘Double bottom retreat down’ chart formation is existing. The chart forms ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to fall.

The currency pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline downwards

A descending movement downwards to the next support level at 1.78748 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.79647 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792 — 62.941831716793 – 40.956883201565 – 70.103281003889 – 58.047648057405

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