EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards

A bearish trend downwards to the next support level at is certain.

Caution: A possible change in the direction of resistance at 1.7884 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.7884 – 1.78811 – 1.79358 – 1.77703 – 1.76297 – 1.76453 —
1.78446 – 1.78596 —
50.57373317919 – 51.925690762832 —
– —
1.78840 – 1763532000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Double bottom chart pattern – – – –