EUR/AUD – 4H – SELL

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

A continuation of the downtrend down to the next support line at 1.76297 is certain.

Caution: A possible change in the direction of the resistance level at 1.78984 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.773135 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 1.78984 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Matching Low’ chart pattern is detected. The chart forms ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.78984 – 1.77857 – 1.78002 – 1.76297 – 1.76722 – 1.75635 —
1.77946 – 1.78460 —
54.747819075023 – 54.564951166947 —
– —
1.78984 – 1762531200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – – – – –