EUR/AUD – 4H – BUY

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

The bullish trend up to the next resistance line at 1.71465 is expected.

Caution: A possible trend reversal in the direction of the support level at 1.68932 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Up’ candlestick pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.71465 – 1.72337 – 1.74663 – 1.68932 – 1.70989 – 1.72985 —
1.71465 – 1.68436 —
46.530239551155 – 30.868338233753 —
1.71465 – 1770019200 —
– 1770019200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – – – – – – – – –