EUR/AUD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 1.62203 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.62324 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62743 |
| 2nd High | 1.62524 |
| Next High | 1.62324 |
| Current Price | 1.62113 |
| Next Low | 1.61882 |
| 2nd Low | 1.61689 |
| 3rd Low | 1.61260 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers