EUR/AUD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 1.78748 is certain.

Caution: A possible counter-trend in the direction of resistance at 1.79647 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 33.762796957852 – 32.466178953053 — 15.281866753898 – 0 – 39.648529785919 – 18.713880710937

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom chart pattern – –