EUR/AUD – 1H – BUYThe combination Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 1.61957 is expected.
Caution: A possible change in the direction of the resistance zone at 1.64969 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candlestick chart pattern is found. The candles form ‘Three White Soldiers’. 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 ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65839 |
| 2nd High | 1.65429 |
| Next High | 1.64969 |
| Current Price | 1.63727 |
| Next Low | 1.61957 |
| 2nd Low | 1.61685 |
| 3rd Low | 1.61583 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers