EUR/AUD – 4H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.

A bullish trend up to the next resistance line at 1.64243 is expected.

Caution: A possible counter-trend in the direction of the support level at 1.62891 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.64243 – 1.64182 – 1.64803 – 1.62891 – 1.63424 – 1.63942 —
1.62965 – 1.62769 —
34.106658183221 – 36.289639545503 —
– —
1.64243 – 1777492800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –