EUR/AUD – 30M – BUY

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

A bullish trend up to the next resistance level at 1.74224 is considered certain.

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

In addition a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.74224 – 1.74663 – 1.73555 – 1.7326 – 1.7392 – 1.73064 —
1.73053 – 1.73129 —
18.372518668293 – 29.290659329374 —
– —
1.74224 – 1768959000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –