EUR/AUD – 30M – BUYThe pair goes from the descending trendline upwards
A bullish movement upwards to the next resistance line at 1.65839 is certain.
Caution: A possible reversal of the trend in the direction of support at 1.65228 is within the realm of possibility.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.66172 |
| 2nd High | 1.65998 |
| Next High | 1.65839 |
| Current Price | 1.65266 |
| Next Low | 1.65228 |
| 2nd Low | 1.64176 |
| 3rd Low | 1.63261 |