EUR/AUD – 1H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline up.

A bullish ascent upwards to the next resistance line at 1.64628 is expected.

Caution: A possible trend reversal in the direction of the support level at 1.6367 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Additionally a ‘Three White Soldiers’ candlestick 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 probability of ‘Three White Soldiers’ going up is 82%.

1.64628 – 1.65168 – 1.65016 – 1.6367 – 1.6414 – 1.64435 —
1.63926 – 1.64200 —
36.83020728336 – 50.869312448472 —
– —
1.64628 – 1781258400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –