EUR/AUD – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

The pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.

A descending movement downwards to the next support at 1.66826 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.68052 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. this is a bearish chart scenario. 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’ going down is 82%.

1.68052 – 1.67781 – 1.66751 – 1.66826 – 1.66973 – 1.66892 —
1.67289 – 1.67574 —
49.631245309434 – 51.444206911741 —
– —
1.68052 – 1774839600

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