EUR/AUD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.6305 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.64535 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Southern Doji’ chart pattern is found. The chart forms ‘Southern Doji’. which 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 ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.64535 – 1.64361 – 1.64297 – 1.63050 – 1.63813 – 1.6372 —
1.63472 – 1.63576 —
32.344929190074 – 44.812789403488 —
1.63050 – 1781827200 —
1.64535 – 1781690400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –