EUR/AUD – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.6278 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.62421 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Latter Bottom’ candlestick chart pattern is found. The chart shows ‘Latter Bottom’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).

1.62421 – 1.62548 – 1.63721 – 1.61974 – 1.6218 – 1.61839 —
1.62188 – 1.62437 —
47.476006704879 – 53.570519015712 —
– —
1.62421 – 1778124600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Latter Bottom – – – – – – – – –