EUR/AUD – 4H – SELL

The combination Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards

A descent down to the next support at 1.72985 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.74562 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.72907 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 1.74562 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.74562 – 1.74544 – 1.76148 – 1.72985 – 1.73553 – 1.72907 —
1.73300 – 1.73946 —
36.843334415452 – 47.349177046182 —
– —
1.74562 – 1768406400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Double top retreat up – – – – – – – –