EUR/AUD – 4H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline up.

The bullish trend upwards to the next resistance line at 1.76148 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.72907 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.75485 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.76148 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).

1.76148 – 1.76228 – 1.78063 – 1.72907 – 1.74801 – 1.76895 —
1.73832 – 1.74186 —
34.034797320613 – 45.076028325079 —
– —
1.76148 – 1767196800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top retreat up – – – – – – – –