EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 1.72472 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.74224 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.74224 – 1.74663 – 1.73555 – 1.7326 – 1.7392 – 1.73064 —
1.72899 – 1.72838 —
30.407772795725 – 30.961011317425 —
– —
1.74224 – 1768959000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Inverse Head and Shoulder chart pattern – – – – – – – –