EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 1.61997 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.63101 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ heading down is 82%.

1.63101 – 1.63499 – 1.65542 – 1.61997 – 1.62083 – 1.62493 —
1.62234 – 1.62992 —
38.110176156352 – 57.608751444925 —
1.61997 – 1773828000 —
1.63101 – 1773727200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –