EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards
A bearish descent down to the next support line at 1.66040 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.66684 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Takuri Line’ candle chart pattern is discovered. The chart forms ‘Takuri Line’. 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 ‘Takuri Line’ going up is 66% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67149 |
| 2nd High | 1.67046 |
| Next High | 1.66684 |
| Current Price | 1.66440 |
| Next Low | 1.66040 |
| 2nd Low | 1.65662 |
| 3rd Low | 1.65406 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Takuri Line