EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 1.61583 is certain.
Caution: A possible change in the direction of the resistance zone at 1.62324 could happen.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62743 |
| 2nd High | 1.62524 |
| Next High | 1.62324 |
| Current Price | 1.62096 |
| Next Low | 1.61583 |
| 2nd Low | 1.61260 |
| 3rd Low | 1.60040 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows