EUR/AUD – 4H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 1.66229 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 1.68309 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Two Crows’ candle chart pattern is found. The chart forms ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.68309 – 1.70628 – 1.71465 – 1.66229 – 1.67613 – 1.68932 —
1.67214 – 1.67098 —
45.195748807735 – 44.751216738834 —
– —
1.68309 – 1770998400

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