EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline down.

A descent downwards to the next support line at 1.68956 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.70339 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.70339 – 1.72337 – 1.71811 – 1.68956 – 1.6968 – 1.71116 —
1.69540 – 1.69579 —
38.896560918423 – 41.843013822479 —
– —
1.70339 – 1769657400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –