EUR/AUD – 30M – SELL

Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.64083 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 1.64496 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Engulfing’ candlestick pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.64496 – 1.64628 – 1.65168 – 1.6414 – 1.64717 – 1.64435 —
1.64222 – 1.64075 —
43.466631582646 – 42.478215527218 —
– —
1.64496 – 1781281800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – – – – – – – – –