EUR/AUD – 4H – BUY

The combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline upwards

A bullish trend up to the next resistance line at 1.76148 will continue.

Caution: A possible trend reversal in the direction of the support level at 1.72472 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.76148 – 1.76228 – 1.78063 – 1.74801 – 1.76895 – 1.77411 —
1.74741 – 1.73436 —
34.543971454764 – 19.327858965156 —
– —
1.76148 – 1767196800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –