EUR/AUD – 4H – SELL

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

A continuation of the bearish trend downwards to the next support at 1.75635 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.77632 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.76297 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 1.77632 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.77632 – 1.79771 – 1.79358 – 1.76895 – 1.77411 – 1.76297 —
1.77400 – 1.76283 —
37.879201929876 – 28.841291986401 —
– —
1.77632 – 1764590400

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