EUR/AUD – 1H – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 1.63924 is certain.
Caution: A possible trend reversal in the direction of the support line at 1.63237 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three White Soldiers’ candlestick chart pattern is found. The candles form ‘Three White Soldiers’. this 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65429 |
| 2nd High | 1.64969 |
| Next High | 1.63924 |
| Current Price | 1.64279 |
| Next Low | 1.63237 |
| 2nd Low | 1.61957 |
| 3rd Low | 1.61685 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers