EUR/AUD – 1H – BUY

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

A bullish trend upwards to the next resistance line at 1.64243 will persist.

Caution: A possible change in the direction of the support level at 1.62796 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three White Soldiers’ chart pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

1.64243 – 1.63406 – 1.64182 – 1.62796 – 1.6298 – 1.62891 —
1.62941 – 1.63226 —
29.344889512411 – 50.823039197666 —
– —
1.64243 – 1777496400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –