EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 1.76895 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.77632 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.77632 – 1.78472 – 1.79771 – 1.76895 – 1.77104 – 1.77367 —
1.77587 – 1.77561 —
53.644691231187 – 54.644567949142 —
– —
1.77632 – 1764590400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – – – – – – – – –