EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline down.

A bearish trend downwards to the next support line at will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.6595 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.6595 – 1.65199 – 1.6593 – 1.64523 – 1.64241 – 1.64251 —
1.65178 – 1.65150 —
39.93132895087 – 43.746246684972 —
– —
1.6595 – 1772740800

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