EUR/AUD – 1H – BUY

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 1.63041 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.63721 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ candle pattern is detected. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.63721 – 1.63348 – 1.64243 – 1.61839 – 1.62483 – 1.62796 —
1.62130 – 1.62460 —
31.654696440806 – 47.379435635297 —
1.61839 – 1778061600 —
1.63721 – 1777968000

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