EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 1.66229 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.67822 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. this is a bearish 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.67822 – 1.68486 – 1.68542 – 1.66229 – 1.66338 – 1.67103 —
1.66626 – 1.67012 —
45.39515465644 – 62.432493163543 —
– —
1.67822 – 1770805800

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