EUR/AUD – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 1.62897 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 1.64125 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Matching Low’ candle pattern is existing. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.64125 – 1.64417 – 1.64581 – 1.6382 – 1.63956 – 1.63851 —
1.64125 – 1.63851 —
53.135908147857 – 30.921121505644 —
1.64125 – 1776864600 —
– 1776864600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – – – – – – – – –