EUR/AUD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 1.6635 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.67602 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.67602 – 1.67619 – 1.6802 – 1.6704 – 1.67135 – 1.67121 —
1.67302 – 1.67004 —
44.674313997281 – 37.079125470545 —
– —
1.67602 – 1771430400

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