EUR/AUD – 30M – BUY

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

An ascending movement up to the next resistance level at 1.64287 is expected.

Caution: A possible change in the direction of the support level at 1.6367 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.64419 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.64287 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ candlestick pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.64287 – 1.64496 – 1.64628 – 1.6367 – 1.6414 – 1.64717 —
1.64018 – 1.64016 —
42.633510877713 – 44.469820728892 —
– —
1.64287 – 1781481600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – – – – – – – – –