EUR/AUD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.62171528 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.62524 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candlestick pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63070 |
| 2nd High | 1.62743 |
| Next High | 1.62524 |
| Current Price | 1.62080 |
| Next Low | 1.61995 |
| 2nd Low | 1.61689 |
| 3rd Low | 1.61260 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers