EUR/AUD – 1H – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards
A descending movement downwards to the next support level at 1.66064 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.66641 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Bearish Harami’ candlestick chart pattern is existing. The candles form ‘Bearish Harami’. which 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 ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.68016 |
| 2nd High | 1.67762 |
| Next High | 1.66641 |
| Current Price | 1.66192 |
| Next Low | 1.66064 |
| 2nd Low | 1.65777 |
| 3rd Low | 1.65446 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami