EUR/AUD – 4H – BUY

The combination Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline upwards

A continuation of the bullish trend up to the next resistance at is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.71120 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.84207 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

1.84207 – 1.73657 – 1.72720 – 1.71120 – 1.70493 – 1.70851

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji