EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support at 1.63038 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.63761 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Tweezers Top’ candlestick chart pattern is detected. The candles show ‘Tweezers Top’. 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 chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.63761 – 1.6381 – 1.63392 – 1.63038 – 1.63318 – 1.62892 —
1.63181 – 1.63681 —
38.694589980055 – 60.578405742824 —
– —
1.63761 – 1780907400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Top – – – – – – – – –