EUR/AUD – 1H – SELL

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

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

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.74741 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Last Engulfing Top’ candle chart pattern is discovered. The candles form ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

1.74741 – 1.75785 – 1.76148 – 1.72907 – 1.74271 – 1.74898 —
1.73827 – 1.73719 —
55.495474740129 – 52.697831096296 —
– —
1.74741 – 1767668400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Last Engulfing Top – Head and Shoulder chart pattern – – – – – – – –