EUR/AUD – 1H – BUYThe pair Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 1.66454 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 1.65803 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.66454 |
| Current Price | 1.66546 |
| Next Low | 1.65803 |
| 2nd Low | 1.64748 |
| 3rd Low | 1.63613 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers