EUR/AUD – 30M – BUY

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 1.69539 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.69206 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bearish SBS White Lines’ candlestick pattern is discovered. The candles form ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.69206 – 1.68525 – 1.68838 – 1.67963 – 1.67982 – 1.68054 —
1.68769 – 1.68750 —
54.120526036506 – 46.49990845032 —
– —
1.69206 – 1770235200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines – Inverse Head and Shoulder chart pattern – – – – – – – –