EUR/AUD – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance at 1.79358 will persist.

Caution: A possible counter-trend in the direction of support at 1.76297 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.79358 – 1.78091 – 1.78691 – 1.76297 – 1.76453 – 1.76852 —
1.78774 – 1.78227 —
47.475989202908 – 35.778924515969 —
– —
1.79358 – 1763445600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom retreat down – – – –