EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 1.64969 will continue.
Caution: A possible change in the direction of the support level at 1.63924 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 1.64599 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 1.64969 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Three White Soldiers’ candlestick pattern is found. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65429 |
| 2nd High | 1.65282 |
| Next High | 1.64969 |
| Current Price | 1.64792 |
| Next Low | 1.63924 |
| 2nd Low | 1.63342 |
| 3rd Low | 1.63237 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers