EUR/AUD – 1H – BUY

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

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.66044542 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.6671 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Up’ candle pattern is existing. The chart shows ‘Three Outside Up’. which is a positive chart scenario. 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’ going up is 75% (Bull Market) & 74% (Bear Market).

1.6671 – 1.66064 – 1.67501 – 1.65648 – 1.65873 – 1.66544 —
1.66219 – 1.65807 —
54.998457252619 – 38.204839325598 —
– —
1.6671 – 1772125200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – Double top retreat up – – – – – – – –