EUR/AUD – 4H – SELLMoreover a ‘On Neck’ candle pattern is found. The chart forms ‘On Neck’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.65998 |
| Next High | 1.65604 |
| Current Price | 1.64682 |
| Next Low | 1.63504 |
| 2nd Low | 1.61583 |
| 3rd Low | 1.59661 |