EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
An ascent upwards to the next resistance at 1.62366 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.60512 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candlestick pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62998 |
| 2nd High | 1.62792 |
| Next High | 1.62366 |
| Current Price | 1.61246 |
| Next Low | 1.60512 |
| 2nd Low | 1.60204 |
| 3rd Low | 1.60040 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers