EUR/AUD – 1H – BUY

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.691205 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.69046 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Up’ candlestick pattern is found. The candles show ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.69046 – 1.70628 – 1.69447 – 1.67986 – 1.67963 – 1.67613 —
1.68011 – 1.68380 —
36.888185538204 – 51.939356349096 —
– —
1.69046 – 1770638400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – – – – – – – – –