EUR/AUD – 1H – SELL

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

A continuation of the downtrend down to the next support at will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.68309 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

Also there is a ‘Last Engulfing Bottom:’ chart pattern is discovered. The chart shows ‘Last Engulfing Bottom:’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

1.68309 – 1.68542 – 1.69046 – 1.67181 – 1.66229 – 1.66338 —
1.67656 – 1.67725 —
54.133820159944 – 46.520619296572 —
– —
1.68309 – 1770998400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Last Engulfing Bottom: – Symmetrical Triangle Chart Pattern – – – – – – – –