EUR/AUD – 1H – SELL

The pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 1.70989 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.71927 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Then a ‘Evening Star’ chart pattern is existing. The candles show ‘Evening Star’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Evening Star’ heading down is 72% (Bull & Bear Market).

1.71927 – 1.72119 – 1.74663 – 1.70989 – 1.71581 – 1.73064 —
1.71390 – 1.71531 —
39.362293806271 – 49.483283904686 —
– —
1.71927 – 1769389200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Evening Star – – – – – – – – –