EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline down.
The bearish trend down to the next support line at 1.64843 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.65284 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. which is a bearish signal. The 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65839 |
| 2nd High | 1.65767 |
| Next High | 1.65284 |
| Current Price | 1.64928 |
| Next Low | 1.64843 |
| 2nd Low | 1.64748 |
| 3rd Low | 1.64192 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows