EUR/AUD – 1H – BUY

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.75357186 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.76225 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.75393 – 1.76225 – 1.76693 – 1.74801 – 1.75149 – 1.75276 —
1.75412 – 1.76290 —
54.164243453541 – 70.20689604566 —
– —
1.75393 – 1765339200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – – – – – – – – –