EUR/AUD – 1H – SELL

The pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 1.63813 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.64361 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Engulfing’ candle chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.64361 – 1.64297 – 1.64628 – 1.63813 – 1.6372 – 1.6367 —
1.64340 – 1.64364 —
60.035631692436 – 52.90554393269 —
– —
1.64361 – 1781596800

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