EUR/AUD – 1H – BUY

The pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards

An ascent up to the next resistance at 1.78691 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 1.77628 could happen.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.78984 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.78691 could happen.
Consider stop-loss settings accordingly.

Then a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.78691 – 1.77406 – 1.7784 – 1.77628 – 1.77303 – 1.76852 —
1.78386 – 1.78716 —
61.747352463461 – 60.051099040275 —
– —
1.78691 – 1763128800

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