EUR/AUD – 1H – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards
A bearish descent downwards to the next support at 1.66197 will persist.
Caution: A possible change in the direction of the resistance line at 1.67049 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Line Strike – Bearish’ candle chart pattern is existing. The chart forms ‘Three Line Strike – Bearish’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67149 |
| 2nd High | 1.67087 |
| Next High | 1.67049 |
| Current Price | 1.66577 |
| Next Low | 1.66197 |
| 2nd Low | 1.65662 |
| 3rd Low | 1.64748 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Line Strike – Bearish