EUR/AUD – 4H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 1.61997 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.63499 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.63499 – 1.6595 – 1.67194 – 1.61997 – 1.61282 – 1.64241 —
1.63122 – 1.63942 —
47.336387648054 – 58.031665464269 —
– —
1.63499 – 1773432000

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