EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 1.62364 is considered certain.
Caution: A possible change in the direction of the support line at 1.62081 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Line Strike – Bullish’ chart pattern is existing. The chart shows ‘Three Line Strike – Bullish’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62998 |
| 2nd High | 1.62792 |
| Next High | 1.62364 |
| Current Price | 1.62185 |
| Next Low | 1.62081 |
| 2nd Low | 1.62029 |
| 3rd Low | 1.61911 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Line Strike – Bullish