EUR/AUD – 4H – BUY

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.78561278 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 1.79358 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.79358 – 1.78984 – 1.77857 – 1.77411 – 1.76297 – 1.76722 —
1.78909 – 1.78986 —
57.358477981534 – 57.786382333615 —
– —
1.79358 – 1763438400

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