EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.
The bearish trend down to the next support line at 1.65118 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.65767 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘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 probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65998 |
| 2nd High | 1.65839 |
| Next High | 1.65767 |
| Current Price | 1.65569 |
| Next Low | 1.65118 |
| 2nd Low | 1.64864 |
| 3rd Low | 1.64843 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows