EUR/AUD – 4H – BUY

The pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards

An ascent up to the next resistance line at is expected.

Caution: A possible trend reversal in the direction of support at 1.63613 should be noted.
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 expected. Target of the current trend is 1.67149 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three White Soldiers’ candlestick pattern is found. The chart shows ‘Three White Soldiers’. which is a positive pattern 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’ going up is 82%.

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers