EUR/AUD – 30M – SELL

Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.64312864 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 1.64496 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.64361 – 1.64297 – 1.64287 – 1.63813 – 1.63768 – 1.6372 —
1.64397 – 1.64529 —
68.25134029572 – 78.700839586353 —
– —
1.64361 – 1781598600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – – – – – – – – –