EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 1.65998 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.65118 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.658 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.65998 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.65998 |
| Current Price | 1.65927 |
| Next Low | 1.65118 |
| 2nd Low | 1.64864 |
| 3rd Low | 1.64843 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers