EUR/AUD – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.63531 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.65168 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.65168 – 1.62761 – 1.63327 – 1.6367 – 1.61894 – 1.62004 —
1.63989 – 1.64452 —
45.120981484261 – 57.916005479207 —
– —
1.65168 – 1781193600

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