EUR/AUD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.65204 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.65204 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Outside Up’ candlestick pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65839 |
| 2nd High | 1.65767 |
| Next High | 1.65204 |
| Current Price | 1.65024 |
| Next Low | 1.64869 |
| 2nd Low | 1.64192 |
| 3rd Low | 1.63974 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up