EUR/AUD – 30M – BUY

The combination Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline upwards

A continuation of the upward movement upwards to the next resistance at 1.66028 is certain.

Caution: A possible counter-trend in the direction of the support level at 1.65668 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Bearish SBS White Lines’ candle pattern is detected. The candles show ‘Bearish SBS White Lines’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.66028 – 1.6543 – 1.65471 – 1.65668 – 1.65145 – 1.65015 —
1.65884 – 1.66183 —
59.703507482509 – 55.860533832572 —
– —
1.66028 – 1782757800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines – Symmetrical Triangle Chart Pattern – – – – – – – –