EUR/AUD – 30M – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.67963 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 1.70628 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.70628 – 1.69842 – 1.69447 – 1.6881 – 1.68418 – 1.67963 —
1.68366 – 1.68528 —
30.993442703066 – 50.199218299757 —
– —
1.70628 – 1770343200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – – – – – – – – –