EUR/AUD – 1H – SELL

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. 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 is certain. Target of the current trend is 1.63616 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.65542 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Advance Block’ candlestick pattern is found. The chart shows ‘Advance Block’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Advance Block’ going down is 64% (Bull Market) & 61% (Bear Market).

1.65542 – 1.65688 – 1.6595 – 1.61282 – 1.64116 – 1.64793 —
1.62350 – 1.62412 —
51.014166736199 – 59.859068104063 —
– —
1.65542 – 1773025200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Advance Block – – – – – – – – –