EUR/AUD – 1H – BUYBesides a ‘Bullish Meeting Lines’ candlestick pattern is discovered. The chart shows ‘Bullish Meeting Lines’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Meeting Lines’ going up is 56% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63611 |
| 2nd High | 1.63070 |
| Next High | 1.62524 |
| Current Price | 1.62125 |
| Next Low | 1.61583 |
| 2nd Low | 1.61260 |
| 3rd Low | 1.59661 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Meeting Lines