EUR/AUD – 1H – BUY

The combination Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards

A bullish trend upwards to the next resistance line at 1.63101 will continue.

Caution: A possible trend reversal in the direction of the support zone at 1.61997 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.63101 – 1.63499 – 1.65542 – 1.61997 – 1.62083 – 1.62493 —
1.62624 – 1.63187 —
53.536295140996 – 55.489316269857 —
– —
1.63101 – 1773727200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –