EUR/AUD – 4H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline up.

An ascent upwards to the next resistance level at 1.72337 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 1.68932 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K crosses above 0.2’ indicator signal is found. The indicator shows ‘StochRSI %K crosses above 0.2’. which could be a positive chart scenario. The currency pair is likely to rise.

Then a ‘Bullish Engulfing’ candle chart pattern is detected. The chart shows ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.

1.72337 – 1.74663 – 1.74562 – 1.68932 – 1.70989 – 1.72985 —
1.71257 – 1.68616 —
54.645649404479 – 30.881294343798 —
– —
1.72337 – 1769544000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing – Double top retreat up – – – – – – – –