EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards

A descending movement downwards to the next support level at 1.63813 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.64361 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.64108 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 1.64361 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.64361 – 1.64297 – 1.64287 – 1.63813 – 1.63768 – 1.6372 —
1.64452 – 1.64364 —
74.009456213277 – 48.810278008803 —
– —
1.64361 – 1781598600

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