EUR/AUD – 1H – SELL

There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.6433 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.64913 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.64913 – 1.65077 – 1.64828 – 1.64416 – 1.6433 – 1.64383 —
1.64529 – 1.64555 —
35.414099475718 – 42.350133684428 —
– —
1.64913 – 1783591200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –