EUR/AUD – 4H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 1.72907 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.74544 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Northern Doji’ chart pattern is found. The candles show ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.74544 – 1.76148 – 1.76228 – 1.72907 – 1.74801 – 1.76895 —
1.74544 – 1.74430 —
52.656160248822 – 46.464368260711 —
1.74544 – 1767859200 —
– 1767859200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –