EUR/AUD – 1H – SELL

The pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at 1.63424 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.64581 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.64581 – 1.64562 – 1.64803 – 1.63424 – 1.63851 – 1.64083 —
1.63742 – 1.63671 —
46.618602241949 – 44.362049797648 —
– —
1.64581 – 1776769200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –