EUR/AUD – 30M – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance level at 1.73827 is expected.

Caution: A possible counter-trend in the direction of the support line at 1.73325 could happen.
Consider stop-loss settings accordingly.

And also a ‘Three Line Strike – Bullish’ candle pattern is existing. The candles form ‘Three Line Strike – Bullish’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).

1.73827 – 1.73975 – 1.74741 – 1.73325 – 1.72907 – 1.74147 —
1.73769 – 1.73761 —
57.521455149425 – 50.449462958592 —
– —
1.73827 – 1767808800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Line Strike – Bullish – Head and Shoulder chart pattern – – – – – – – –