EUR/AUD – 1H – SELL

The pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at 1.72907 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.74559 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘%K cross below 0.8’ indicator signal is detected. The indicator is ‘%K cross below 0.8’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 1.73553 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.74559 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black 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 ‘Three Black Crows’ heading down is 82%.

1.74559 – 1.74562 – 1.74449 – 1.7379 – 1.73553 – 1.73597 —
1.74132 – 1.73771 —
41.662413914511 – 30.871112185973 —
– —
1.74559 – 1768453200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Double bottom chart pattern – – – – – – – –