EUR/AUD – 1H – SELL

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.783845 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 1.79344 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.79344 – 1.78669 – 1.7884 – 1.78008 – 1.77411 – 1.77703 —
1.78345 – 1.79012 —
46.455497643066 – 62.854438210383 —
– —
1.79344 – 1763715600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Double bottom retreat down – – – – – – – –