EUR/AUD – 1H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance at 1.79358 is expected.

Caution: A possible trend reversal in the direction of the support level at 1.77628 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Next a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. 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).

1.79358 – 1.78691 – 1.77406 – 1.77628 – 1.77303 – 1.76852 —
1.78319 – 1.77865 —
46.69677800678 – 37.102276967174 —
– —
1.79358 – 1763445600

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