EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards

A bearish movement down to the next support at 1.7379 will continue.

Caution: A possible counter-trend in the direction of resistance at 1.74562 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.74562 – 1.74449 – 1.74378 – 1.7379 – 1.73553 – 1.73597 —
1.74274 – 1.74559 —
48.283667089145 – 58.07691817418 —
– —
1.74562 – 1768413600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Head and Shoulder chart pattern – – – – – – – –