EUR/AUD – 4H – SELL

The pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at 1.76297 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.78984 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.78984 – 1.77857 – 1.78002 – 1.76297 – 1.76722 – 1.75635 —
1.78045 – 1.79358 —
56.501626173047 – 66.700394889903 —
– —
1.78984 – 1762531200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Double bottom chart pattern – – – –