EUR/AUD – 4H – BUYThe combination Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.
A bearish trend down to the next support at 1.63613 will persist.
Caution: A possible change in the direction of the resistance zone at 1.67087 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.67149 |
| Next High | 1.67087 |
| Current Price | 1.66791 |
| Next Low | 1.63613 |
| 2nd Low | 1.63504 |
| 3rd Low | 1.61583 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers