Buy EUR/AUD – 4H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 1.61583 will continue.

Caution: A possible change in the direction of the resistance level at 1.65604 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish 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
2nd High 1.65998
Next High 1.65604
Current Price 1.65361
Next Low 1.61583
2nd Low 1.59661
3rd Low

Download EUR/AUD Signal Image

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