EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.
A continuation of the downtrend down to the next support line at 1.60204 is certain.
Caution: A possible change in the direction of the resistance level at 1.61330 could happen.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62792 |
| 2nd High | 1.62366 |
| Next High | 1.61330 |
| Current Price | 1.60122 |
| Next Low | 1.60204 |
| 2nd Low | 1.60040 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows