EUR/AUD – 1H – BUY

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

A bullish movement upwards to the next resistance line at 1.69447 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 1.67963 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The pair is likely to go up.

Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Then a ‘Three Outside Up’ chart pattern is found. The chart forms ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.69447 – 1.68838 – 1.71465 – 1.67963 – 1.67613 – 1.69413 —
1.69280 – 1.69021 —
59.783259574153 – 53.020740980774 —
– —
1.69447 – 1770264000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – Rising Wedge Chart Pattern – – – – – – – –