EUR/AUD – 1H – SELL

The pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline down.

A continuation of the bearish trend downwards to the next support level at 1.63504 is certain.

Caution: A possible change in the direction of the resistance line at 1.65604 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.637805 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 1.65604 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows