EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline downwards

The bearish trend downwards to the next support line at 1.6626 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.67501 could happen.
In the case of a trade, always set appropriate stop-loss settings.

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 signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.66544 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 1.67501 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish signal. The 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’ going down is 69% (Bull Market) & 70% (Bear Market).

1.67501 – 1.67292 – 1.67258 – 1.66705 – 1.66544 – 1.66554 —
1.66860 – 1.66799 —
43.958282192605 – 45.707730869811 —
– —
1.67501 – 1771950600

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