EUR/AUD – 4H – BUY

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline upwards

A bullish movement up to the next resistance level at 1.6595 is likely expected.

Caution: A possible trend reversal in the direction of the support line at could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Up’ chart pattern is found. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.6595 – 1.67194 – 1.67501 – 1.64241 – 1.6425 – 1.6626 —
1.62391 – 1.62116 —
23.896544407054 – 26.722414429095 —
– —
1.6595 – 1772740800

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