EUR/AUD – 4H – SELL

The pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards

A descending movement downwards to the next support at 1.74801 will persist.

Caution: A possible counter-trend in the direction of resistance at 1.76148 could be enabled.
Consider stop-loss settings accordingly.

Next a ” indicator signal is existing. The indicator is ”. which is often a bearish chart scenario. The currency pair could go down.

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Next a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.

Next a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.76148 – 1.76228 – 1.78063 – 1.74801 – 1.76895 – 1.77411 —
1.75490 – 1.74741 —
40.627870558851 – 34.543972515269 —
– —
1.76148 – 1767196800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Double top chart pattern – – – – – – – –