EUR/AUD – 1H – BUY

The pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance line at 1.68542 is certain.

Caution: A possible change in the direction of the support zone at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.

Also there is a ‘Bearish SBS White Lines’ candlestick pattern is found. The candles form ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.68542 – 1.69046 – 1.70628 – 1.66229 – 1.66338 – 1.67103 —
1.67601 – 1.67955 —
57.932564925712 – 56.884652699343 —
– —
1.68542 – 1770710400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines – Head and Shoulder chart pattern – – – – – – – –