EUR/AUD – 1H – SELLThe combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support line at 1.76543 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.78759 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79759 |
| 2nd High | 1.78991 |
| Next High | 1.78759 |
| Current Price | 1.76379 |
| Next Low | 1.76543 |
| 2nd Low | 1.7626 |
| 3rd Low | 1.74973 |
1.78759 – 1.78991 – 1.79759 – 1.76543 – 1.77854 – 1.78136 — 46.781315007719 – 29.194186727172 — 94.65860607543 – 61.613495432049 – 89.712207176126 – 80.852923103956
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Triple top chart pattern – –