EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards
A bearish descent downwards to the next support at 1.65406 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.67046 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.67149 |
| Next High | 1.67046 |
| Current Price | 1.65700 |
| Next Low | 1.65406 |
| 2nd Low | 1.65118 |
| 3rd Low | 1.64864 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows