EUR/AUD – 4H – BUYThe combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline upwards
An ascent up to the next resistance line at 1.72337 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.6357 could occur.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.76148 |
| 2nd High | 1.74663 |
| Next High | 1.72337 |
| Current Price | 1.70576 |
| Next Low | 1.6357 |
| 2nd Low | 1.63504 |
| 3rd Low |
1.72337 – 1.74663 – 1.74562 – 1.70989 – 1.72985 – 1.73553 —
1.70675 – 1.70174 —
17.711543302324 – 42.610740961069 —
– —
1.72337 – 1769544000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –