EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline upwards
The bullish trend upwards to the next resistance line at 1.62998 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 1.62621 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64969 |
| 2nd High | 1.63611 |
| Next High | 1.62998 |
| Current Price | 1.62716 |
| Next Low | 1.62621 |
| 2nd Low | 1.62549 |
| 3rd Low | 1.62383 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers