EUR/AUD – 30M – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline up.

A bullish trend upwards to the next resistance level at 1.63166 will persist.

Caution: A possible change in the direction of the support zone at 1.61282 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish SBS White Lines’ candle chart pattern is discovered. The candles form ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.63166 – 1.64582 – 1.65157 – 1.61282 – 1.62683 – 1.64116 —
1.61776 – 1.61700 —
42.697352463993 – 36.618204708908 —
– —
1.63166 – 1773183600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines – – – – – – – – –