EUR/AUD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.61356 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 1.62802 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.62224 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.62802 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.62802 – 1.6235 – 1.61961 – 1.61356 – 1.61282 – 1.62683 —
1.62693 – 1.62837 —
63.619906200753 – 67.475072807748 —
– —
1.62802 – 1773338400

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