EUR/AUD – 1H – SELL

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.63795092 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 1.64628 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bearish Harami’ candlestick pattern is found. The chart forms ‘Bearish Harami’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).

1.64628 – 1.65168 – 1.65016 – 1.6367 – 1.6414 – 1.64435 —
1.64007 – 1.64199 —
42.321308820461 – 51.058098243194 —
– —
1.64628 – 1781258400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami – – – – – – – – –