EUR/AUD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.670785 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.67895 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.67895 – 1.68052 – 1.67781 – 1.66973 – 1.66892 – 1.66264 —
1.67436 – 1.67572 —
44.569135162055 – 61.80184691216 —
– —
1.67895 – 1774866600

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