EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support line at 1.78143 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.78418 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Two Crows’ candlestick chart pattern is found. The chart shows ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.78418 – 1.79344 – 1.79101 – 1.78143 – 1.78008 – 1.78629 —
1.78320 – 1.78237 —
36.217824967765 – 35.772534734382 —
– —
1.78418 – 1763956800

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