EUR/AUD – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 1.77628 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.7967 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘%K fall below 80’ indicator layout is detected. The indicator shows ‘%K fall below 80’. which could be a negative chart scenario. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.77853 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.7967 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.78691 – 1.77406 – 1.7784 – 1.77628 – 1.77303 – 1.76852 —
1.78716 – 1.78774 —
60.051098894094 – 52.633494993603 —
– —
1.78691 – 1763128800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Double bottom chart pattern – – – –