EUR/AUD – 30M – SELL

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

A bearish movement down to the next support line at 1.62571 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.64162 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Tweezers Top’ candlestick chart pattern is found. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.64162 – 1.63187 – 1.63122 – 1.62571 – 1.62775 – 1.62511 —
1.63561 – 1.63527 —
55.670718439913 – 53.859474983292 —
– —
1.64162 – 1773936000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Top – – – – – – – – –