EUR/AUD – 1H – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 1.60040 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.62366 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63611 |
| 2nd High | 1.62792 |
| Next High | 1.62366 |
| Current Price | 1.60310 |
| Next Low | 1.60040 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows